John,

My club actually experienced this situation. There is a appeal process that involves responding in writing and were actually successful on reducing the fine. If i recall the info on the appeal process was on the IRS letter that was sent with the fine. Hope this help.

Matt

------Original Message------
From: John Valvardi
Sender: club_cafe@bivio.com
To: club_cafe@bivio.com
ReplyTo: The Club Cafe
Sent: Mar 19, 2008 4:35 PM
Subject: club_cafe: Fined by the IRS

We were just hit with a $2250 fine by the IRS for failure to
file the Club taxes on time. We had a miscommunication on
who was supposed to file it. When the IRS notified us (Dec)
we filed immediately. Now they have sent us the fine and
state that it's for May - Sept at $50 per member, per month.
Does anyone know if this is able to be appealed or should we
just take it as an expensive lesson?
Thanks, John.

Grant Alchemy Investment Club


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