The IRS has announced a significant improvement that could save millions of taxpayers from unnecessary penalties. Beginning with eligible 2025 tax returns and 2026 quarterly returns, qualifying taxpayers may automatically receive relief from certain IRS penalties—without having to submit a formal request. At WR Howell, CPA, we stay ahead of important tax law changes so our clients can benefit from every opportunity available. Here's what this new IRS initiative means for individuals and businesses. What Is Automatic IRS Penalty Relief? The IRS is replacing its long-standing First-Time Abatement (FTA) process with a new Automatic Exemption from Penalty (AEP) program. Previously, many eligible taxpayers missed…