Several websites offer a sample letter that you can adapt to your specific request. If you do ask for an abatement by phone, it's best to follow-up with a written letter to the IRS documenting the ...

The post RMD Penalty Waiver Letter Sample appeared first on SmartReads by SmartAsset. The IRS requires these distributions to occur, even during rocky periods of life.

Editor’s note: This article is condensed and adapted from “Using the First-Time Penalty Abatement Waiver” in the July 2013 issue of The Tax Adviser. By Jim Buttonow , CPA/CITP ( ...

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The IRS is waiving penalty fees for people who failed to pay back taxes that total less than $100,000 per year for tax years 2020 and 2021. The relief measure will waive $1 billion in fees for tax ...

The post RMD Penalty Waiver Letter Sample appeared first on SmartReads by SmartAsset. RMDs are mandatory annual withdrawals from your retirement accounts. The IRS requires these distributions to ...