Corporate taxes filed 7/15/20, received pentalty charge?

[giogis245]

Hi everyone, 

I do not do corporate taxes, just individual ones, I have another accountant prepare my corporate taxes and I filed by 7/15/20 as it was my understanding that the deadline of 7/15/20 applied for corporate ones as well, but I just received a pretty hefty penalty charge, I cannot get a hold of the accountant who filed so I am coming here for guidance from this community, is there anything I can do to avoid paying this please.  

Thank you in advance! 

[jklcpa]

1120 due date was extended to July 15th as specified in IRS Notice 2020-23 here: https://www.irs.gov/pub/irs-drop/n-20-23.pdf

Is the penalty actually the late filing penalty, or is it perhaps a late payment penalty?

[Lee B]

If it was a C Corp, then the due date was extended. However if it was S Corp due on March 15th and no extension was filed, then I would expect that there is a penalty due.

 

[Abby Normal]

S corp late filing penalties are hefty. Hopefully you qualify for relief under first time penalty removal.

Why didn't the preparer either file it on time or prepare an extension? I'm confused by this arrangement. Was this a paper filing? Was it done before 3/15?