Covered For Vacation?

IRS-PENALTY TIN notices are due in August. They will be dated August 17, and you will have ten (10) days to respond or you will be penalized. If the penalty notice arrives from IRS and the person handling it is on vacation, is there someone else who can respond to it? The penalty notice will not be addressed to a particular individual. You may want to alert your mail room that it may be coming, and tell them to whom it should be delivered. You can ask for a 30 day extension, but it is better to be prepared to act on the penalty notice.

Copyright © 1992 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 3, No. 3, 7/92