Late Filing Penalty for S-Corp
I am in a big dillema.
A couple of months ago I received a notice from the Louisiana Department of Revenue saying I owed back taxes on a S-Corp that had been inactive since 2005 but had not been disolved. I contacted my accountant and she prepared the state and federal tax forms for the 2005 - 2009 years and told me to send those in, which I did. The issue with the state has been cleared up. Now I'm receiving notices from the IRS stating I owe them money for filing Late. The penalty for just 1 year is quite substantial.
I have my accountant working to try to get this abated, but as of now, the IRS has not responded to her requests and the interest keep building up.
Do I owe this?
I saw on another post on this site that I don't need to file federal returns for an inactive s corp. Is this still the case?
Or did my accountant make a mistake by telling me to send in the federal returns late?