There is not a one-time tax forgiveness so to speak.  However, the IRS does have a First Time Abate program that can be utilized by taxpayers who meet certain requirements.  This only “forgives” penalties on one tax period.  There are other methods to eliminate penalties that may be more effective, and that can remove penalties on multiple tax periods, depending upon the circumstances.  Call us to find out the best method for reducing your tax debt given your specific circumstances.