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Late filing notice

Forum|Forum|5 years ago
November 25, 2020
3 replies
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I received a late filing notice for my 1120S. I have an email from intuit stating the IRS was accepted by the IRS on July 14. When I spoke to the IRS, the agent stated they received the return on August 4. Aside from the email, can intuit help me resolve this or provide further documentation regarding the tax file submission?

TurboTax Business Windows

Best answer by Anonymous_

Unless you filed an extension (Form 7004), the return for your S corporation was due March 16th.

See https://www.irs.gov/instructions/i1120s#idm139641016916032

Unlike returns that were initially due on April 15th and extended due to the pandemic, the due date for returns due prior to April 15th (e.g., Forms 1120-S and 1065) was not extended.

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Anonymous_Answer

Employee

Unless you filed an extension (Form 7004), the return for your S corporation was due March 16th.

See https://www.irs.gov/instructions/i1120s#idm139641016916032

Unlike returns that were initially due on April 15th and extended due to the pandemic, the due date for returns due prior to April 15th (e.g., Forms 1120-S and 1065) was not extended.

Critter-3

You can beg forgiveness of the penalty if this is your first time filing late by responding and asking for the abatement using the "I was stupid and did not pay attention that the personal covid extension was not also for businesses" excuse ... say you are sorry and you will never do it again ... usually they will abate the penalty for first time errors.

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SetsunAuthor

The point is that I did file on time. Deadline was 7/15. I filed 7/14. The IRS is saying they didn't receive it until August.

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SetsunAuthor

Thanks to everyone for this discussion. Hope you have a great and Happy Thanksgiving!

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Raeka

Today I received a notice with a bill for $1260 stating I didn't file an extension. I DID file an extension but Turbo Tax for some stupid reason won't let you E-FILE your 1120S extension as you can with your personal return extension. Another reason to hate TT for business! I filed it March1st as paper filing - the only way you can with TurboTax and IRS is so backed up they have not processed it but have processed my e-filed return. Why won't TurboTax let you E-file your S extension?! If I can't PROVE I mailed it, and they don't process it, I guess I'm screwed! Thanks a lot Turbo Tax.

Critter-3

If this was the first time you were late you can beg forgiveness and ask for the penalties to be waived. Adding that you did paper file the 7004 extension timely would also be wise.

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-forms/file-form-7004-application-automatic-extension-tax/L3LzY6MRg_US_en_US?uid=l4t1ub4d

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Raeka

Thanks. I have a 2 month waiver period where they will not mail notices. I'm hoping the paper filing will catch up soon. Hate to waste my 1 time abatement when I sent the darned thing. Lesson learned - always send by priority tracking mail.