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I have a letter from IRS removing a failure to pay penalty after I paid the penalty. Do I take a credit for penalty paid?

penalty was from 2023 taxes paid in 2024.
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ThomasM125
Expert Alumni

I have a letter from IRS removing a failure to pay penalty after I paid the penalty. Do I take a credit for penalty paid?

No, but the IRS will either send you a check for the penalty removed or refund it when they process the next tax return that you file.

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1 Reply
ThomasM125
Expert Alumni

I have a letter from IRS removing a failure to pay penalty after I paid the penalty. Do I take a credit for penalty paid?

No, but the IRS will either send you a check for the penalty removed or refund it when they process the next tax return that you file.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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