Taxpayers who filed retroactive claims for Employee Retention Credit and amended returns to adjust the wage deduction and were subject to penalties should do what?

a. Pay the penalty promptly.

b. Do nothing as the IRS will issue an automatic waiver of penalties on retroactive claims for the Employee Retention Credit.

c. Request relief showing reasonable cause; or request first-time penalty abatement, if eligible.

d. Request reimbursement from their tax preparer.