Late Filing Penalty - S Corp return

What are acceptable probable cause explanations to negate a late filing penalty for an S Corp return assessed under IRC Sec 6699(a) (1)?

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    Read Rev Proc 84-35.  It specifically applies to partnerships, but I've used it twice to get S Corp penalties abated, where the identical fact situations applied.

    • ArchieLeach, Thanks.  You pointed me in the right direction.  This is just what I was looking for.
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