Should You File a Business Offer in Compromise For Dead S Corp's Penalties?

Tax Relief with Logan Allec, CPA

Your business is dead. It has not been operational in years. If the IRS hits you with notices, should you do an offer in compromise with them? Here is everything you need to know!
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-S Corp Late Filing Penalty Is NASTY — It's AT LEAST $2,000 Per Year!!!: • S Corp Late Filing Penalty Is NASTY — It's...

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1. Should you File an Offer in Compromise for a Business that no Longer Exists? (00:00:00)

2. Ignore the IRS's Penalty on a Dead S Corp! (00:01:21)