Question 1

&#x2705; What is the penalty for filing Form 1120-POL late?

Accepted Answer

If you fail to file Form 1120-POL on time, the IRS charges an additional fine equal to 5% of the tax due for each month the return is late. This amount cannot exceed 25% of the total amount of tax due. read more

Question 2

&#x2705; How to give access to other users to manage 1120-POL Forms in ExpressTaxExempt?

Accepted Answer

Through your Account Settings, you can add multiple users and give them varying levels of access to manage the 1120-POL Forms in your ExpressTaxExempt account. read more

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