Hi, my name is Steven Waves. I'm a tax practitioner in Colorado, speaking to you on behalf of a network of tax practitioners. Our goal in this series of videos is to educate the public about our practice. Let's not forget about those penalties. Penalties can amount to a whopping twenty-five percent addition to your tax liability. It's calculated at five percent per month, up to twenty-five percent. You can reach that amount pretty quickly in five months, to be exact. If you relied on the advice of a professional, you may be able to get the penalties set aside. If you've never had a problem with the IRS, you may also be able to get them set aside. However, it's important to note that the IRS isn't going to waive those penalties for you. They're not going to protect your rights; they're going to collect money from you, that's it. Now, if you came here from a practitioner's website, I encourage you to hit your back button and call them for assistance. If you found this video through a web search, enter your zip code in the field below the video to get help from one of those honest, hard-working good guys who can assist you with your problem. I understand that making the first step can be difficult, but once you do, you'll realize that someone is on your side and there is light at the end of the tunnel. So, don't hesitate and make the call.
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Video instructions and help with filling out and completing Where Form 1120 C Penalties
