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
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?