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1120S Penalty Payment and EFTPS


Tax Prep by Deb

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Does anybody know if a late filing penalty for an 1120S can be made online thru EFTPS? My client has their account already set up, however when I try to enter the 1120S as the form it gives me an error. It is not in the drop down box either. Do I make it under the 1120? or can it be made at all?

Client needs to make this payment ASAP!

Thanks,

Deb!

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Has there been an attempt to get it forgiven? I've heard lots of stories of penalty forgiveness with just a simple letter, especially if the income was reported properly on the taxpayer's personal return and that was pointed out in the letter.

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