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  1. #1
    sassymeadows is offline Junior Member
    Join Date
    Oct 2005
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    CA 941 Tax Pd Late

    What is the name of your state? California

    We paid our 2nd quarter 941 taxes late and are waiting to hear what the penalties and interest will be. Is it possible to do an offer and compromise on the interest and penalties?
  2. #2
    irsos is offline Member
    Join Date
    Jul 2007
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    Houston, Texas
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    Quote Originally Posted by sassymeadows View Post
    What is the name of your state? California

    We paid our 2nd quarter 941 taxes late and are waiting to hear what the penalties and interest will be. Is it possible to do an offer and compromise on the interest and penalties?
    It is unlikely you qualify for an Offer. You can write a letter requesting an abatement of interest and penalties. There is virtually no chance they will abate the interest, but, if you have a very good reason, you could possibly get penalties abated. "I forgot" and "we did not have the money" are not good reasons.
  3. #3
    TinkerBelleLuvr is offline Senior Member
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    I have seen abatements on penalties, but never on the interest. As irsos stated, it must be a very valid excuse. It also helps to state what steps you have taken to avoid this from happening in the future.

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