- Glossary Article
First-Time Abatement (FTA)
What is the IRS First-Time Abatement (FTA) Program?
The First-Time Abatement (FTA) is an IRS program that allows certain taxpayers to have penalties waived for the first time they fail to file or pay on time. To qualify, a taxpayer must have a clean record for the previous three years and meet other specific criteria.