@bjm3819 --
Just to clarify:
Was it the S-Corp that failed to file. or you personally?
Did your S-Corp file its 1120S corporate tax returns each year? Did it issue Schedule K-1's to the shareholders? The S-Corp failure-to-file penalties are steep. See "Penalties for filing late" on this TurboTax help page:
https://turbotax.intuit.com/tax-tips/small-business-taxes/s-corp-federal-tax-filing-dates/L1U6tYGMt
Or is the issue that the S-Corp did issue Schedule K-1's to you, and you failed to report the K-1 income on your personal tax returns?
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
