Business Failure To File Information Return Penalty

An information return is a W2, 1099, etc.

1. You failed to file an information return.
2. You filed late an information return.
3. You filed an incorrect information return.

Usually yes, unless you have grounds to contest it.

1. We contact the IRS.
2. We request your record.
3. We calculate your balance due.
4. We check for unfiled taxes.
5. We review all the data in your file.
6. We will recommend which option is best.
7. We will prepare the appropriate forms with the information you provide.
8. We handle the contact with the IRS.

1. Maximum penalty for large business up to over $3 MILLION dollars.
2. Maximum penalty for small business up to $1 MILLION dollars.
3. If filed after August 1, $310 per return.
4. If filed within 60 days, $310 per return.
5. If filed within 30 days, $60 per return.

1. Information return was not filed by the due date.
2. Information return was incorrect.
3. Information return was not provided to payee by due date.

Tell us exactly what happened that tax year, or years, and gather all the documents related to the tax year(s).

We handle the rest.

Depending on your file, information gathered, compliance, and resolution chosen.

It can take months. If we appeal, then add six additional months.

Yes.