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Re:Late Taxes (1 viewing) (1) Guest

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TOPIC: Re:Late Taxes

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#79

Sumo (User)

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Posts: 169

Late Taxes 1 Year, 9 Months ago	Karma: 5
I would like to know the answer to the 1099 question as well. But, what is the penalty to filing an S corp's taxes late anyway. And what is the absolute drop dead date to file and pay by? Does the paying ever stop. Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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#90

steve (Moderator)

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Posts: 150

Re:Late Taxes 1 Year, 9 Months ago	Karma: 3
The penalty is 5% per month up to 25% per month. See attached IRS instructions to form 1120s. Also see www.irs.gov for more details. Or consult with your CPA. Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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#91

Sumo (User)

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Posts: 169

Re:Late Taxes 1 Year, 9 Months ago	Karma: 5
My CPA just keeps yelling at me to get it done. I think his alternative life style is catching up with him. Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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