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Stephen G.
Stephen G., Sr Income Tax Expert
Category: Tax
Satisfied Customers: 6167
Experience:  Extensive Experience with Tax, Financial & Estate Issues
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I ahve recently had a penalty fining 5472,

Customer Question

hi
JA: Thanks. Can you give me any more details about your issue?
Customer: i ahve recently had a penalty for late fining for form 5472
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Submitted: 9 months ago.
Category: Tax
Expert:  Stephen G. replied 9 months ago.

I see that you are in the UK, but you are dealing with a US Tax issue, correct?

Have you bet hit with the $10,000. penalty?

If so, I have recently dealt with this situation and there are a couple of ways to approach it; however, you need to provide the specific details (not names or ID numbers) of the circumstances leading to the penalty assessment.

If you do that, then I can give you better direction to consider and/or assist you in drafting an abatement request whichever you wish.

Customer: replied 9 months ago.
HI Stephen
HI i have filed late quite a few times and paid the associated fines penalties
Apart from that my affairs are usually upto dateI have now been hit with a 60k fine - 3 companies (with 2 people) civil penalty. my inital appeal has been rejected. My CPA is suggesting i get a tax attorney now. they stated a review of my account shows that i was subject to simillar penalties before - this is not true. i ahve paid late fees (which i accept) but never have had a late filing form 5472 fine beforePlease advice
Expert:  Stephen G. replied 9 months ago.

I think our comments crossed in cyberspace; please respond to my last transmission.

Steve G.

Customer: replied 9 months ago.
Thanks Steve
Reviewing your answer
Meantime, i think have been charged twice
Expert:  Stephen G. replied 9 months ago.

Yes, you probably have because you opened two questions.

We can deal with that through customer service once we are through.

Steve G.

Expert:  Stephen G. replied 9 months ago.

Do you have any additional follow-up questions?

If not, please remember to rate my response as that is the only way we receive credit for our work.

Thanks very much,

Steve G.

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