Christian Posted October 14, 2022 Report Share Posted October 14, 2022 I cannot remember the time a client received a penalty for filing his return after April 15th. This year one did and also had to pay tax with his return. He got penalized not for any underpayment but for filing his return late and it is quite a lot of money. He has never had any tax problems until now and I am far from being knowledgeable on penalty waivers. Is there any available reason he can get this abated ? He had no health issues and was not out of country. Quote Link to comment Share on other sites More sharing options...
Lee B Posted October 14, 2022 Report Share Posted October 14, 2022 Death in the family, family health emergency, financial emergency in the family? Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted October 15, 2022 Report Share Posted October 15, 2022 Hmmm, would this possibly qualify for the first-time abatement? What is the reason he filed late? 1 Quote Link to comment Share on other sites More sharing options...
Christian Posted October 15, 2022 Author Report Share Posted October 15, 2022 The first time abatement occurred to me as well. I guess it would do no harm to send in the Form 2210 with the understanding it may not work. In a word he got wrapped up (when have I not heard that remark ?) and after three and one half months simply could not get his act together. He usually gets refunded but this year his luck ran out. 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted October 15, 2022 Report Share Posted October 15, 2022 First Time Penalty Abatement. As long as he was timely for several years prior, he should qualify. Quote Link to comment Share on other sites More sharing options...
Christian Posted October 15, 2022 Author Report Share Posted October 15, 2022 Many thanks Cathy. I will give it a shot. 1 Quote Link to comment Share on other sites More sharing options...
Lee B Posted October 15, 2022 Report Share Posted October 15, 2022 This site maintained by an ex IRS employee has everything you need to know about this topic: https://www.irsmind.com/ 4 1 Quote Link to comment Share on other sites More sharing options...
Catherine Posted October 15, 2022 Report Share Posted October 15, 2022 4 hours ago, cbslee said: This site maintained by an ex IRS employee has everything you need to know about this topic: https://www.irsmind.com/ Good resource; thanks! 2 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted October 15, 2022 Report Share Posted October 15, 2022 I just bookmarked the site. Thank you! 2 Quote Link to comment Share on other sites More sharing options...
Christian Posted October 16, 2022 Author Report Share Posted October 16, 2022 Thanks to all of you who replied. I too bookmarked cb's site. I have prepared the client a Form 843 and will give it to him tomorrow with the advice he mail immediately by certified mail with the return receipt. He has a clean record with no penalties of any kind for over three years. Hopefully this will address this problem. 2 Quote Link to comment Share on other sites More sharing options...
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