
Anonymous
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Business & farm
seek out the assistance of a tax professional. In this situation I would suggest a tax attorney each year starting with the year of formation a S-Corp return should have been filed. the IRS could impose penalties for failure to file.that could exceed $2,000 per year. (not sure how far back it can go) also, you didn't take a salary from the corp which is another tax issue that could result in more penalties. do not contact your accountant until you speak to an advisor
‎June 3, 2019
10:53 AM