What is a reasonable cause accepted by the IRS for filing late S corporation 1120S filed.
need to get late filing penalties removed 2011 & 2012 tax returns filed late no taxes were due, but I'm being charged a penalty of $195. per month x 12 mos. = $2340. for 2011 and $1170 for late filing 2012. I didn't have the resources to pay to have CPA (certified public account) to prepare and file timely. When I did get to the CPA with the 2011 & 2012 taxes April of 2013 he didn't complete the returns till Sept.12, 2013 only after several calls to please complete these for me.