![]() ![]() The 1120-S form itself was dated February 24, 2009.ħ. ![]() The IRS has record receiving a Form 1120S from Ensyc on Septempostmarked September 8, 2009.Ħ. Ensyc’s files contained a copy of a Form 1120S bearing the President’s signature dated March 16, 2009.ĥ. ![]() The accountant also sent copies of Schedules K-1, Shareholder’s Share of Income, Deductions, Credits.Ĥ. Income Tax Return for an S Corporation, to file with the IRS. On March 10, 2009, Ensyc’s accountant sent Ensyc IRS Form 1120S, U.S. Ensyc’s annual tax return for 2008 was due March 16, 2009.ģ. Ensyc Technologies, an S corporation operated entirely by its president who works from his home in Idaho with the assistance of subcontractors, had its tax returns prepared by an accountant in Nevada.Ģ. The following are the facts as I understand:ġ. 6699 penalty for late filing of an S corporation return, the Tax Court determined that the failure to timely file a 2008 1120-S tax return was due to reasonable cause not subject to penalty. Summary 2012-55 (6/14/12) – considering the scope of the reasonable cause language to the Code Sec. Regarding S Corp Late Filing Penalty Excused IRC 6699 Ensyc Technologies v. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |