August 26, 2019
Q. Turns out our tax year 2017 1099 reporting included masked TIN numbers to the IRS. We have received notice 972CG and are trying to determine the best way to request a waiver of the proposed penalties. I have several questions:
Is there a template or sample letter format for responding to notice 972CG with good language for reasonable cause and significant mitigating factors?
How should the letter be structured since it's the entire file submission, rather than a selection of 1099s?
Become A Member
Join IOFM today as a Professional, Business, or Enterprise member — or upgrade your Starter membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!