A Welcome Shift in Tax Policy: The IRS Gets it Right on Late Filing Penalties The Internal Revenue Service has made a significant adjustment to its tax penalty policy.
Starting in 2025, individuals with three consecutive years of on time filings will no longer face the complex process of appealing late filing penalties.
Instead, the IRS will automatically waive these fines for eligible taxpayers. This change acknowledges that the current penalty structure was punitive and unfairly burdensome.