I made some mistake in last year(2007 tax year) tax filing (forgot to include a couple of stock sell because somehow I didn't have 1099 in my records). Now IRS comes after me for back tax (a couple hundred dollars) plus accuracy-related penalty ($1300) which is several times more than the tax I own.
Anyone had experience of dealing with IRS on this kind of issues? Is it possible to negotiate this penalty? Should I hire a tax lawyer to help me do it?