Reasonable Cause Letters

[Lifer]

Does anyone have any recent updates on reasonable cause letters? Formerly, it seemed they were pretty lenient on these, but since the implementation of E-Fast my thought is they have been less forgiving. Please let me know your experience.

Thank you.

[Lou S.]

We have not tried one since the DFVC program has been around. That seems to be the way they want you to fix late filings.

But back in the day, it was quite common to get the penalty waived for "reasonable cause."

Good luck. If you do try it please let us know your experience with it this time around.