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IRS Automatic Penalty Relief: What AEP Means for Eligible Taxpayers

IRS Automatic Penalty Relief: What AEP Means for Eligible Taxpayers

by Sara Raby | Jul 16, 2026 | blog, Individual Tax

The IRS is changing how many taxpayers receive penalty relief. In IR-2026-83, released July 8, 2026, the IRS announced a new Automatic Exemption from Penalty, or AEP, that will replace the long-standing First Time Abatement process for eligible taxpayers. For years,...
COVID-Era Penalties and Interest: A Time-Sensitive Refund Opportunity for Taxpayers

COVID-Era Penalties and Interest: A Time-Sensitive Refund Opportunity for Taxpayers

by Sara Raby | May 20, 2026 | blog, Corporate Tax Services, Flow-Through Tax Services, Individual Tax

The COVID-19 years created unusual tax compliance challenges. Filing deadlines moved, IRS operations were disrupted, and many taxpayers struggled to determine when returns, payments, and related filings were actually due. A recent Court of Federal Claims decision has...

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