Yes there are. If the account has penalties we may try a penalty abatement in order to remove the penalties on the Taxpayer’s account. For this to be successful, the Taxpayer must show “reasonable cause” why these penalties should be removed. We will discuss these with the Taxpayer in our initial consultation. Other ways to minimize tax liabilities are through amending returns and opening a closed audit (Audit Reconsideration). For more information visit Pmvlaw.com.
400 Continental Blvd 6th Floor, El Segundo, California, United States 90245