866-700-1040

IRS Penalty for Late Filing S Corporation Return -Abatements of Penalties- IRS Tax Experts

January 11, 2011
Written by: steve

Fresh Start Tax 1-866-700-1040  Audit proof your tax return   Call us today!

Penalty for Late Filing of an S Corporation Return

For tax years beginning after 2009, the late filing penalty for an S corporation return is $195 for each month or part of a month (up to 12 months) the return is late (or does not contain the required information) multiplied by the total number of persons who were shareholders in the corporation during any part of the corporation’s tax year. No penalty will be imposed if the corporation shows that the late filing was due to reasonable cause.

If tax is owed with the return, the penalty is increased. For more information, see the Instructions for Form 1120S, U.S Income Tax Return for an S Corporation.


Our Company Resume: ( Since 1982 )


  • Our staff has over 135 years of professional tax representation experience collectively
  • On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents,
  • Former IRS Managers, Instructors and Trainers
  • Highest Rating by the Better Business Bureau “A”
  • Extremely ethical and moral
  • Fast, affordable, and economical
  • Licensed to practice in all 50 States
  • Premium on client communication
  • Nationally Recognized Veteran Former IRS Agent
  • Nationally Recognized Published Tax Expert
Filed Under: IRS Tax Advice
Tags:

FREE

Consultation

No Obligation
We are here to help!

  • Should be Empty:
“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.