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Old 04-03-2007, 11:23 PM
Herb Smith
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Default Re: Late filing? ? ?

"Ray" <rayj.b...[at]DELTHISverizon.net> wrote:

- quote -

> I just started to file our 1120-H tax return for our housing
> coop and to my chagrin discovered that it was supposed to be
> filed on March 15, not April 15 as personal income taxes are
> due to be filed.
> We never pay any taxes - income is always offset by expenses.
> What should I do?


File the return

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 04-03-2007, 11:23 PM
Shyster1040
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Default Re: Late filing? ? ?

File it as soon as possible, if you're more than 60 days
late, you will owe a late filing penalty of $100 even if the
return doesn't reflect any tax liability. See Code Sec.
6651(a)(flush language).

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 
Old 04-03-2007, 11:04 PM
Frederick Lorca
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Default Re: Late filing?

- quote -

> I just started to file our 1120-H tax return for our housing
> coop and to my chagrin discovered that it was supposed to be
> filed on March 15, not April 15 as personal income taxes are
> due to be filed.
> We never pay any taxes - income is always offset by expenses.
> What should I do?


Just go ahead and file it. If there is no tax due you won't
be penalized or charged any interest.

Frederick Lorca

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 04-03-2007, 06:07 AM
Ray
Guest
 
Posts: n/a
Default Late filing? ? ?

I just started to file our 1120-H tax return for our housing
coop and to my chagrin discovered that it was supposed to be
filed on March 15, not April 15 as personal income taxes are
due to be filed.

We never pay any taxes - income is always offset by expenses.

What should I do?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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