So here is the situation, I was contact by IRS regarding payment on 1065 late filing charges. This is for multiple years and totals to about 45k. My business is going to suffer if I’m made to pay these and I need to figure what options are available to possible abate these penalties. It is a lot... View More 
answered on Apr 21, 2023
There may be a few options available to you but more details would be necessary before advising you which might be best. I recommend speaking with a tax attorney. Most of us offer a free consultation. Just stay away from the places you see advertised on tv.
I missed an RMD in 2018 from an inherited IRA. I realize that there is a method (Form 5329) to report the mistake, but am I legally bound to make the report?
answered on Feb 26, 2018
If taxes are due, yes. But, that will rarely be the case. See a qualified CPA or lawyer.
answered on Apr 10, 2017
The IRS investigates and prosecutes tax fraud. Once you report it to them, they handle it from there. This answer does not constitute legal advice; make any predictions, guarantees, or warranties; or create any Attorney-Client relationship.
I feel that the amount I owe Washington D.C. is incorrect, and that I must have filed them incorrectly. I'd love to just "cancel" and start over.
answered on Mar 2, 2017
This may be software specific, but I do not believe you can "cancel" your return. You may need to amend if your return has already been e-filed and processed. However, if for some reason your return gets reject you may be able to make changes and resubmit.
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