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Good morning. It is possible for you to get the IRS to abate the penalty. You will have to pay the interest, but if you have not sought penalty abatement previously, there is a program for first timers to have the penalties waived. You can get the instructions for seeking this abatement at the following IRS website: https://www.irs.gov/businesses/small-businesses-self-employed/penalty-relief-due-to-first-time-penalty-abatement-or-other-administrative-waiver
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