2019 S Corp tax due date

Forum|Forum|5 years ago
July 26, 2020
1 reply
15 views

Hi,

I filed a 2019 S Corp return before 7/15/2020.

Just received a letter from IRS charged penalty for late filing.

Realized did not file extension before 3/15.

Does anyone know how to appeal? Is there a way to request wave the penalty?

thanks!

ProConnect Tax Online

This topic has been closed for replies.

Best answer by BobKamman

Unless two hours of your time listening to music on hold is worth less than a 55-cent stamp, a one-paragraph letter to IRS will accomplish the same result. IRS is not going to be breaking down your client's doors to collect the penalty, while they process the correspondence.

George4Tacks

Level 15

Maybe a phone call will get a ONE TIME abatement https://www.irs.gov/businesses/small-businesses-self-employed/penalty-relief-due-to-first-time-penalty-abatement-or-other-administrative-waiver

Answers are easy. Questions are hard!

BobKammanAnswer

Level 15

Unless two hours of your time listening to music on hold is worth less than a 55-cent stamp, a one-paragraph letter to IRS will accomplish the same result. IRS is not going to be breaking down your client's doors to collect the penalty, while they process the correspondence.

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