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toronaga

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About toronaga

  • Rank
    Newbie

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  • State
    WA
  1. For quick background information, I became interested in tax after needing to clean up a few years of business taxes from a prior (not tax-related) business in years 2013-2015. I was young, built a business that became successful quickly, and a few errors and habits compounded. With the help of my accountant I voluntarily prepared amended S-corp and personal returns for mentioned years and paid a significant amount of additional taxes, about $40k. The IRS assessed a few penalties on the amended 1120s, I believe one was an accuracy related penalty. I had some unfiled (but not unpaid) 940/94
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