Hello, this is a great question!
I am sorry this happened.
The only thing that might work would be to try to have a waiver of the penalties by filing a letter.
https://www.irs.gov/payments/underpayment-of-estimated-tax-by-corporations-penalty
Here is the part I am looking at:
"Dispute a Penalty
While we can't adjust the Underpayment of Estimated Tax by Corporations Penalty for reasonable cause, we may consider making an adjustment if we imposed the penalty after you relied on incorrect written advice we gave you.
Check if you meet the following criteria:
- The written advice we gave you was in direct response to your written request for advice
- The incorrect written advice we gave you was not the result of material omissions or misinformation in your written request for advice
- You reasonably relied on our written advice and were penalized based on that advice
If you believe you meet the criteria, mail a statement signed under penalty of perjury that describes how our erroneous written advice resulted in the penalty. Include a copy of both the written request for advice you sent us and our written response. Mail the original statement and copies of the supporting documents to the address on your penalty notice. Keep a copy of the documents you sent to us.
When you sign a statement under penalty of perjury, you may be found guilty of a crime if you knowingly lie in your statement. "
As you can see it does not have to do with extensions but I think this is they way to request the abatement of penalties. Send in a copy of the extension that you filed. I don't see an address to send this letter. You can try faxing it to 855-215-1627 but I would also call them and ask where you would send the letter. Make sure you send it certified mail so you have a record and keep copies of everything you send them.
I hope this goes smoothly for you.
Please give me a thumbs up if this was helpful.
Katie S.
Katherine S 63
