In my experience, a call is better than a letter when you are trying to negotiate a fee from the IRS. It may be a long wait on the phone, but the IRS seems to be a little more willing to adjust if their officers have a conversation with you about your reasoning.
An S-Corp is a pass-through entity, meaning, all income and losses are passed through to the ownership. Since you were the 100% owner of the business, you will be personally responsible for paying the fee whatever it turns out to be.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
