First Time Abate (FTA)
IRS provides administrative relief from the following penalties if the qualifying criteria contained in this subsection are met:
Failure to file (FTF) penalty under IRC 6651(a)(1), IRC 6698(a)(1), or IRC 6699(a)(1),
Failure to pay (FTP) penalty under IRC 6651(a)(2) and/or IRC 6651(a)(3), and
Failure to deposit (FTD) penalty under IRC 6656.
(a)Addition to the tax
In case of failure—
(1)to file any return required under authority of subchapter A of chapter 61 (other than part III thereof)...
(a)General rule
Returns with respect to income taxes under subtitle A shall be made by the following:
(3)Every estate the gross income of which for the taxable year is $600 or more;
(4)Every trust having for the taxable year any taxable income, or having gross income of $600 or over, regardless of the amount of taxable income;
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