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I just learned that an electronic service I used in April to
I just learned that an electronic service I used in April to make my tax extension did not complete the extension - is there any chance I can get relief from that problem and if not, what is the penal… read more
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I have received a 6699(a)(1) penalty, for 2014. I filed an
I have received a 6699(a)(1) penalty, for 2014. I filed an valid extension before 3/15/2015. I thought that I filed an tax return, but I remember wrong. … read more
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Can you calculate penalties and interest on a form 706 that
Can you calculate penalties and interest on a form 706 that was due April 15, 2014. there was only personal property (cash and securities) in the estate.… read more
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Would like clarification on failure to pay / file penalties.If an extension was filed in april 2015 for payment of 2014 taxes but i failed to file / pay by the October 20 extension deadline how do I c… read more
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I have a client that received a 1099-R with a gross
I have a client that received a 1099-R with a gross Distribution and taxable amount of $7,827. In Box 7, the distribution code is "2". Is this amount subject to the 10% penalty. The client is not yet … read more
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Ok so I red an employee last year months, had workers
Ok so I hired an employee last year for several months, had workers compensation and paid paychecks with federal and state witholding, but really didn't have the cash flow to support it so I ended up … read more
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I received 2 IRS 6699 A1 Penalties, failure to file for $
I received 2 IRS 6699 A1 Penalties, failure to file for $ 4680 each. This was a new S corp, starting in July 2012. We did not file any returns till this year and started with 2012 and 2013. No tax was… read more
Lane
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My wife and I purchased 2 duplexes in Utah in 2005 and have
My wife and I purchased 2 duplexes in Utah in 2005 and have filed the rental income information on them each since on Form E of our 1040 returns. In 2007 we formed an LLC company for the rental compan… read more
Robin D.
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received 10k penalty for late filing form 5472, they rejected our 1st reasonable cause. My clients have never been late in the past and it just so happened that Pres was in Sweden and detained by 10da… read more
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Doctoral Degree
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I would like to discuss if I can pay myself as a consultant
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emc011075
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Separation from service question on 401k early withdrawal exception
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C Corp Cash basis 12/31 payroll made. Haven't paid payroll
C Corp Cash basis 12/31 payroll made. Haven't paid payroll taxes yet that were due 1/15. Are penalties for feds & state related to the Corp tax only or also apply to employee withholding?… read more
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Hi Paul, If my wife burrowed $20,000 out of her sep IRA in
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I am 56 years old and have an IRA which I have been taking
I am 56 years old and have an IRA which I have been taking 72(t) distributions from since 2006. I fear tax rates will be increasing in the future, so I wanted to take distributions as soon as I could … read more
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corporation that is insolvent for the last many years and is
corporation that is insolvent for the last many years and is getting loans from unrelated third party to stay in business, fell behind in payroll taxes. service established a payment plan but did not … read more
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I have an annuity under section 72 (t). I am receiving equal monthly payments. I would like to know if I can rollover money from my 72 (t) plan into a qualified employer 401 (k) plan tax and penalty f… read more
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