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Filing a Penalty Abatement
What is an abatement? When a company experiences a process breakdown within their tax filing system that results in filing or deposit noncompliance, they are hit with a penalty. Depending on the reason for the error, a company can file for a penalty abatement, which can either eliminate the penalty all together or lessen the fine. Abatements can be put into two categories: agency error abatement and employer error abatement.