topic Re: Thanks again! in After you file

Need help with CP162 notice

dianna-smith — Tue, 04 Jun 2019 21:31:02 GMT

used turbo tax business to efile our S corp taxes for January through March 2017. the form was accepted by the IRS in February 2018. the business closed after that quarter. I thought s corp was due on 3/15/2018 but notice from irs says we were late filing with a $1755 penalty.

Did you file a short year? Generally, an S corporation...

Lisa995 — Tue, 04 Jun 2019 21:31:03 GMT

Did you file a short year?

Generally, an S corporation must file Form 1120S by the 15th day of the 3rd month after the end of its tax year. For 2017 calendar year corporations, the due date is March 15, 2018.

A corporation that has dissolved must generally file by the 15th day of the 3rd month after the date it dissolved.

Oh my, I had no idea. Yes we filed just that quarter. T...

dianna-smith — Tue, 04 Jun 2019 21:31:05 GMT

Oh my, I had no idea. Yes we filed just that quarter. Thanks for your help I really appreciate it. Hoping maybe IRS will waive it, do you think I have a chance?

It never hurts to ask and if you've never asked them to w...

Lisa995 — Tue, 04 Jun 2019 21:31:06 GMT

It never hurts to ask and if you've never asked them to waive a penalty before, this would be a perfect time to do so!

Thanks again!

dianna-smith — Tue, 04 Jun 2019 21:31:08 GMT

Thanks again!

Re: Thanks again!

billjans — Sun, 22 Mar 2020 17:29:23 GMT

I have exactly the same situation for 2019 for my S-Corp. Did you have any success with your waiver request? Thanks.

Re: Thanks again!

apple-Sweet-z — Wed, 27 Apr 2022 13:08:31 GMT

I am facing the same issue now, almost $4000!

I am going to cry...

let me try with IRS if they can "forgive" some.

Re: Thanks again!

SweetieJean — Wed, 27 Apr 2022 14:00:09 GMT

@apple-Sweet-z It's worth a try, though!