The answer is yes if you qualify. IRS penalties can be be abated if reasonable cause exists for the filing or tax deposit issue that created the penalty. Reasonable cause is defined in the Internal Revenue Manual. Some examples include death, serious illness, or unavoidable absence, fire, casualty, natural disaster, or other disturbance, unable to obtain records, and mistake was made. The IRS also has a first time penalty abatement policy for certain types of penalties if you qualify. I'll evaluate your penalties and if a favorable opportunity exists to abate them we will craft you a penalty abatement request for submission to the IRS.
Robby
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