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Tax, SDIRAs & Cost Segregation

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Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
53
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270
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Anyone heard of a one time penalty relief for late filing???

Westin Hudnall
  • Investor and Real Estate Agent
  • Maize, KS
Posted Sep 30 2014, 20:05

unfortunately I thought HR Block filed an extension for me for 2013 (1st year of my business tax returns) . They emailed me saying the extension needed emailed ; I assumed they were doing that which they did not. When I completing my taxes 3 months later I received a hefty $3000 penalty. Dumb sh*t newbie investor I am.

Anyway ; my accountant mentioned a 1 time tax relief. Has anyone heard of this or have any suggestions how to get this penalty removed?

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