Blog Archives

Why You Should File Past Due Tax Returns NOW

Posted on August 3, 2016 by John R. Dundon II, EA — No Comments ↓

Regardless of whether or not you are able to pay your tax liability in full, you should file all tax returns that are due. To do so, file your past due return the same way that you would file a…

Tagged with: Get Transcript, Installment Agreement, IRS Direct Pay, IRS Notice, Offer in Compromise, Online Payment Agreement, Self Employed, Tax return file
Posted in IRS Collections, IRS Enforcement, IRS Mediation, IRS Penalties, Non-filed Tax Returns, Penalty, Tax Guidance & Preparation, Tax planning, Tax Problems & Requests, Taxpayer Advocate

Why to Revoke An S Election and How to Do It – Internal Revenue Code Section 1362(d); Reg § 1.13626(a)

Posted on June 8, 2015 by John R. Dundon II, EA — No Comments ↓

Many entrepreneurs get caught up in selecting the "most appropriate business structure" - particularly people planning to conquer the moon right out of the gate. If this is you beware as business structure is a determination that is best driven out…

Tagged with: Internal Revenue Code Section 1362(d), Reg § 1.13626(a), Sub S
Posted in Employment Tax, Entity Classification, Paying Taxes, Payroll Tax Problems, Penalty, Small Business, Social Security, Social Security Tax, Sole Proprietor, Start up costs, Sub-chapter S, Tax Abuse, Tax Guidance & Preparation, Tax Problems & Requests

Form 5500 Pension Plan Penalty Filing Relief

Posted on May 12, 2014 by John R. Dundon II, EA — No Comments ↓

For those of you like me presently wrestling with this issue the IRS recently came out with the following: Revenue Procedure 2014-32 establishes a one-year pilot program to provide relief to plan administrators who fail to timely file Form 5500…

Tagged with: 5500, 5500 Form, Pension Plan Penalty Relief, Tax Form 5500, US DOL 5500 E-file, US DOL 5500 Efile
Posted in Form 5500, IRS Enforcement, Penalty, Pension Plan, Tax Guidance & Preparation, Tax Problems & Requests

IRS Form 7004 Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.

Posted on March 12, 2013 by John R. Dundon II, EA — No Comments ↓

If your corporation, partnership or estate operates on a calendar year basis the tax return is due March 15th which is coming up! If you need additional time to file tax returns for these entities file IRS Form 7004 which…

Tagged with: 7004, Automatic Extension of Time To File Certain Business Income Tax, IRS Form 7004
Posted in Corporation, Estate Tax, Estimated Taxes, Excise Tax, Extension, Paying Taxes, Penalty, Sub-chapter S, Tax Guidance & Preparation, Tax Relief, Trusts

S Corp Late Filing Penalty Excused IRC 6699 Ensyc Technologies v. Commissioner

Posted on December 18, 2012 by John R. Dundon II, EA — No Comments ↓

The Perturbing New Treatment of Patents Under the Tax Cut & Jobs Act (TCJA)

Regarding S Corp Late Filing Penalty Excused IRC 6699 Ensyc Technologies v. Comm'r, T.C. Summary 2012-55 (6/14/12) - considering the scope of the reasonable cause language to the Code Sec. 6699 penalty for late filing of an S corporation return, the Tax Court…

Tagged with: Ensyc Technologies v. Commissioner, IRC 6699, S Corp Late File Penalty, T.C. Summary 2012-55
Posted in IRS Collections, IRS Enforcement, IRS Penalties, IRS Penalty and Interest Abatement, Penalty, Small Business, Sub-chapter S, Tax Court, Tax Guidance & Preparation, Tax Relief

Blog Archives

Why You Should File Past Due Tax Returns NOW

Why to Revoke An S Election and How to Do It – Internal Revenue Code Section 1362(d); Reg § 1.1362­6(a)

Form 5500 Pension Plan Penalty Filing Relief

IRS Form 7004 Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns.

S Corp Late Filing Penalty Excused IRC 6699 Ensyc Technologies v. Commissioner

Phone: 720.234.1177

Why to Revoke An S Election and How to Do It – Internal Revenue Code Section 1362(d); Reg § 1.13626(a)