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You may qualify for penalty relief if you demonstrate that you exercised ordinary care and prudence and were nevertheless unable to file your return or pay your taxes on time. Examples of valid reasons for failing to file or pay on time may include: Fires, natural disasters or civil disturbances.
Taxpayers may apply for first-time penalty abatement online, in writing, or over the phone. In some cases, if you qualify, the IRS removes the penalties on the spot. In other cases, the IRS agrees to remove the penalties, but it does not do so until the tax owed is paid in full.
You can apply for a penalty waiver through the Tennessee Taxpayer Access Point (TNTAP) or email a Petition for Waiver of Penalty to penalty.waivers@tn.gov. The Attorney General must approve penalty waivers of $100,000 or more.
We, the undersigned shareholder(s) of __________________, do hereby waive the requirement of notice of the shareholder meeting called to consider a merger (consolidation) of the bank with _________________. Additionally, we approve and consent to the merger (consolidation).
The Attorney General must approve a waiver of penalty of $100,000 or more. To submit a penalty waiver, log into the Tennessee Taxpayer Access Point (TNTAP), access your account, and select Petition for Penalty Waiver.