IRS Compliance & PenaltiesAnswered

Can First-Time Abatement remove the accuracy penalty on my CP2000?

N8
noah_8e54new member
May 27, 2026 1,090 views 1 answer
cp2000accuracy-penaltypenalty-abatementirc-6662

My CP2000 added a 20% accuracy penalty on top of the extra tax. I've never had a penalty before, so can I just ask for First-Time Abatement to get it removed? If not, what's the right way to fight the penalty?

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