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IRS Automatically Waives Penalties for Good Taxpayers | Huntsville News
IRS just dropped a major tax relief upgrade: the Automatic Exemption Policy (AEP) automatically wipes out late filing and payment penalties for taxpayers who’ve stayed compliant for three years straight. Unlike the old “First Time Abate” system, this new policy rewards consistent good behavior — no need to call or request anything if you slip up once. It applies to 2025 and 2026 returns and future quarterly filings, with the IRS sending you a confirmation notice if you qualify. Just note: estate and gift tax forms are excluded. Think of it as the IRS saying, “We see you — and we’re making it…
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