Tagged Questions

2
votes
4answers
67 views

Delinquent returns and (maybe) excessive mileage

I just got a new client. He has 3 years of returns not filed (2006-2008) and also needs me to prepare his 2009 return. This guy is a plumber. He works for a company and gets a W …
2
votes
1answer
72 views

Non-existant S-Corp Election - Form 2553

It has been awhile since I have had to deal with this, but we had a new client that setup their S-Corporation with someone else back in early 2008 and it has just been discovered t …
3
votes
7answers
861 views

S-Corp return late filing penalty abatement

has anyone had success in having this penalty abated when the shareholders timely filed their personal returns with S-Corp k-1 income included ?
1
vote
3answers
202 views

Filing deadline/extension due date for an 1120 C Corp with fiscal year

I get confused, and the IRS chart doesn't indicate if it is by Fiscal Year end or Fiscal Year start, but the Fiscal Year end is 6/30/09. The due date was then 9/15/09 I think, and …
2
votes
5answers
169 views

Statute of limitations on tax refunds?

I am currently working on personal tax returns for 2003 through 2008. The return for each year indicates my clients will receive a refund and yet for some reason (god only knows) …
2
votes
3answers
321 views

Is there any way to void the penalty for filing a partnership return late?

I have a partnership return (5 partners) and it was filed late. As a result, the IRS charged a $90 per person penalty. What kind of reason I can use when I reply to the IRS notic …