New client comes me early Oct 2013. Client did not file extension form 4868 and I filed his 2012 tax return prior to Oct 15, 2013. Client receives letter from IRS hitting client with FTF and FTP (approx tax that was owed $1500) penalties plus interest. I asked client if they they ever had FTF in any previous tax years and they replied no. What are the chances of me getting the Failed to File penalty waived?
Announcement
Collapse
No announcement yet.
Getting FTF and/or FTP penalty abated?
Collapse
X
-
It works sometimes
I called the Practitioner line last week to beg for abatement of a 12K penalty. I had a long sob story ready to go, but the IRS staff simply said "No problem, I have abated the penalties and reduced the interest from $955 to about $75. Is there anything else I can do for you today?"Christopher Mewhort, EA
mewhorttax.com
Comment
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment