Late Pmt Penalty Abatement for my mistake

[Terrence Power]

For the first time in my career I transposed a client’s bank account number for their electronic payment with the 1040. He is getting penalized $700 for late payment. Is there a way to get his penalty abated? Thx. Terry

[FRANCES E TAYLOR]

I have had pretty good luck with getting these penalties abated if the client has a pretty clean filing and paying record. I just explain the situation.

We are all human. Best of luck.

[Terrence Power]

Thanks Fran. Unfortunately he hasn’t filed a few returns and owes a ton. His bookkeeper stole hundreds of thousands of dollars and destroyed the QB files. It’s a nightmare. I guess all I can do is try and explain the circumstances. What did you use as your reason for abatement?

[Author]

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