How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 578
Experience:  10 years experience
16356563
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

I was just sent this link and you may be able to help. I

Customer Question

Hi:
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I was just sent this link and you may be able to help. I received a distribution from a foreign estate in 2015, but I am late in filing my 2015 taxes along with the declaration of the gift. What is the best way to proceed to avoid the penalties for late filing.
JA: Is there anything else important you think the Accountant should know?
Customer: That's it.
Submitted: 1 month ago.
Category: Tax
Expert:  Mark Taylor replied 1 month ago.

Hi, my name is Mark. I will be happy to help you with your questions. Did you file a form 3520? To abate the penalties you would need to demonstrate reasonable cause. Was there a reason why the returns were filed late?

Related Tax Questions