Hi all --
I'm finishing up a set of returns for a homeowner's association. There are four in all; 2005 through 2008. An elderly former treasurer neglected to send in the 2005 -- 2007, and the new board discovered this and had to go back, find old financial data, go through it, etc. Then they called me in. We think we now have everything done correctly and ready to send in.
Usually it's a very bad idea to send multiple returns in together, but in this case I wonder. They don't have a big tax burden, but it's a small association and late payment penalties and interest on those penalties will be an issue. Rather than send each separate return in with a request to abate penalties and why, would it make more sense to send all four returns with _one_ letter, showing now full compliance once the situation became clear?
Thoughts? Yes. No. You're nuts. Let me stop laughing first. Pray. This is a joke, right? Etc.
Thanks!