3520-A penalty relief help

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Joined: Sat Mar 13, 2021 8:37 pm

3520-A penalty relief help

Post by snowbird »

We get CP-15 penalty under sec 6677 for tax year 2018, no idea what's the the cause.
It's for RESP account.
We're Canadian citizen, US GC holder.
What's the efficient way to apply penalty relief?
Posts: 238
Joined: Tue Aug 30, 2011 12:15 am

Re: 3520-A penalty relief help

Post by CdnAmerican »

There's lots of info on here about that, but if Rev. Proc. 2020-17 applies (which it may, if this is an RESP) then the penalty should be abated?
Not a professional opinion.
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