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Tax prep error

CUSO
Level 3

I have a new client who's tax preparer mistakenly forgot to enter a 1099 which caused a substantial tax underpayment penalty.  The taxpayer advised that it was just an honest mistake.  Are there any options to get the penalty waived for the tax payer without using their one-time  waiver of penalties and interest?  

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1 Comment 1
sjrcpa
Level 15

Reasonable cause. Honest mistake, never happened before, will make sure it doesn't happen again, yada yada.


Ex-AllStar