Pennsylvania BFR Grants Individual Income Taxpayer Penalty Abatement

The Pennsylvania Board of Finance and Revenue (BFR) granted taxpayer’s petition for abatement of penalties for tax year 2024. An estimated underpayment penalty, a returned payment penalty, and a late payment penalty were imposed for the 2024 tax year. The taxpayer appealed to the Board of Appeals (BOA) contending bank account information was entered incorrectly in tax preparation software preventing timely payment, which payment was immediately made after notice of assessment. In two docket proceedings, the BOA granted relief for the returned payment penalty in one docket matter, but denied relief for the remaining penalties in another docket matter citing ...