jskouberdis
Level 5
09-12-2024
10:22 AM
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Good morning community,
I have a question regarding an S-Corp return that I will be filing late. I took out an extension on 3-15-24 and the return is due on 9-16-24. I know that the penalty is $220 per month per shareholder. My question is when is this penalty calculated from. Is it from 3-15-24 or because I have an extension does the penalty start accruing from 9-16-24? Hope to hear your ideas in the near future.
Thanks,
John Skouberdis
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