When form 843 is filed to request an abatement of penalties - you would need to provide a reasonable cause.
to request the "accuracy related penalty" be abate based on reasonable cause. If you provide the reason like "I forgot" - I do not think it will be considered as reasonable - so be careful when prepare
an abatement request.
The best woudl be to use a local
CPA who will evaluate your situation and help with preparation
of the abatement request.
Here are some common examples that the IRS provides for considering individuals
for penalty abatement.
•Death of the family member
•Unexpected absence (in prison, hospital, etc)
•Casualy event (fire, flood, etc)
•Unforeseen curcumstances (divorce
•Incorrect advice from a tax professional
•Incorrect advice from the IRS
•An accuratecy related error when acting with "ordinary business care and prudence"
•Other (reasons are not limited by teh above list)
and wording regarding Reasonable Cause - see IRM (Internal Revenue Manual) 22.214.171.124.2 (11-25-2011)
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