Late Return Filing

When filing late, the IRS will impose a hefty penalty for not filing on time if you have a balance due.  This also applies if you’re filing informational income tax returns, such as an S-corp, partnership or non-profit return.  In some situations, the IRS may consider waiving this penalty if it falls under certain criteria.  To understand this, you need a representative who used to work for the IRS to know what to ask for.