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Received notice from IRS yesterday that I owe approximately…

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Received notice from IRS...

Received notice from IRS yesterday that I owe approximately $20,000 in penalties for failing to file form 5500SF for 2015 and 2016 for my business which closed in June 2014. I was unaware these forms were required after the business closed and the 401K plan was terminated and forms submitted in 2014. I received no correspondence on this matter until November 2017, to which I immediately submitted the requested information. Harold Drennon

Accountant's Assistant: The Accountant will know how to help. Is there anything else the Accountant should be aware of?

Not now

Submitted: 1 month ago.Category: Tax
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Answered in 26 minutes by:
3/23/2018
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 1 month ago
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 5,011
Experience: 35 years tax experience, including four years at a Big 4 firm.
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I'm PDtax. I can assist.
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Tax Professional: PDtax, Certified Public Accountant (CPA) replied 1 month ago
I suggest a phone conference to review your options. I'll post an offer.
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Customer reply replied 1 month ago
I'm unclear as to what posting an offer means.
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 1 month ago

I see you have requested a phone call on your end, it didn't go through. I'll see if I can post one on my end.

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Tax Professional: PDtax, Certified Public Accountant (CPA) replied 1 month ago

sorry, it won't work on my end. I'll let site personnel know.

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PDtax
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 5,011
5,011 Satisfied Customers
Experience: 35 years tax experience, including four years at a Big 4 firm.

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