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What if I did not file my 1065 with K1s on march 15th? I…

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What if I did not file my 1065 with K1s on march 15th? I have a 2 member LLC

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I dont think so

Submitted: 3 months ago.Category: Tax
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3/23/2018
Tax Professional: Barbara, Enrolled Agent replied 3 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,374
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

The IRS will assess a late filing penalty of $195 per partner per month or part of a month for which the partnership information return is filed late, with the penalty capped at 12 months.

Once you receive the penalty assessment from the IRS, you can request an abatement of the penalty due to reasonable cause or the First Time Penalty Abatement Waiver.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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Tax Professional: Barbara, Enrolled Agent replied 3 months ago

Just following up with you to see if you have any other questions. If so, please let me know so I can continue to assist you.

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