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    2019 S Corp tax due date

    skyworks
    Level 7

    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!

     

     

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    1 Best Answer

    Accepted Solutions
    BobKamman
    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.  

    View solution in original post

    2 Comments 2
    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-penal...


    Answers are easy. Questions are hard!
    BobKamman
    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.