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This answer was rated:

theres a way to respond to the IRS or NYS Tax department to

there’s a way to respond...
there’s a way to respond to the IRS or NYS Tax department to abate penalties because late filing or late paying tax?
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Answered in 19 minutes by:
10/18/2013
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,593
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified

Megan C :

Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.

Megan C :

How are you today?

Customer:

fine BH

Megan C :

That's good

Megan C :

Yes, you can write the IRS and the NYS tax department and ask for an abatement of penalties

Megan C :

IS this your first time being late?

Customer:

no

Megan C :

Well, unfortunately you would not qualify for the first time penalty abatement, but all you need to do is write a letter requesting an abatement of penalties

Customer:

for what reason ?

Megan C :

Is there any particular reason you were late?

Megan C :

Did something happen?

Customer:

paid too little with the extension because i did not know the tax will be more

Megan C :

But nothing happened, like your records were lost, someone was sick, etc

Megan C :

If nothing happened, and you are just late, and you have been late before, then they will not abate the penalties.

Customer:

i didn't have the records from my clients

Megan C :

Unfortunately, that would not be a reason to abate penalties.

Customer:

my child have cancer and i was bz with him?

Megan C :

You could use that as a reason.

Megan C :

Here's a link to a sample letter - you will simply put your personalized information in the letter

Customer:

you think it s will work ?

Megan C :

CLICK HERE

Megan C :

Worst they can say is no. Doesn't hurt to ask

Customer:

its for my client not for me so say i am the accountant for this company and i was bz with my child

Megan C :

I gave you the sample letter, all you need to do is personalize it

Customer:

you think itw will work mor eif i send a latter from the hospital also that my child have censer

Megan C :

It could, I cannot guarantee that they will accept or not

Customer:

thank you will talk later

Customer:

the irs is open

Megan C :

You're welcome :-) Is there anything else I can do for you?

Customer:

was close 2 weeks

Megan C :

If not, please rate my response as "excellent" so that I may receive credit for assisting you today

Customer:

just did it

Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,593
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified
Megan C and 87 other Tax Specialists are ready to help you
Ask your own question now
Thanks, Josef for my positive rating. Please come back and visit me for any of your tax needs. I am so glad you ask for me directly! Thanks, and see you next time you come to ask a question.

Megan
Ask Your Own Tax Question
Customer reply replied 4 years ago

How is the depreciation for


1)Plywood Thick Top 24x96x30 Folding Table $163


2)Benches 12x96x18 Plastic top $109


3) Friedrich $36,000 BTU AC $1,720


4) Stainless work table $371.70


5)Cutting Board ¾ thick 30x72 $23

Thanks for your follow up. I see that your items cost under $500. You do not need to depreciate the plywood, benches, stainless work table, and cutting board. However, if you did depreciate these items they would be 7 year property.

Please let me know if you need anything additional. If not, please rate positive so that I may receive credit for assisting you today. Thank you
Ask Your Own Tax Question
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Megan C
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,593
16,593 Satisfied Customers
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

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