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TP did not file an extension and received a penalty on a partnership return. What is the best way (easiest) to get the penalty abated?
In the past I have written a letter with Rev Proc. 84-35 attached and it worked but I can't remember the numbers. Also what about 2017-47...
Thanks in Advance!
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Easiest way is with first time abatement.
https://www.thetaxadviser.com/issues/2013/jul/buttonow-july2013.html
2017-47 - if they filed late because of the change in due date of the return, then use that.
If the partners filed their personal returns timely, and included all of their distributive share of the partnerships income (and other requirements) then you can use Rev Proc 84-35.
https://www.bradfordtaxinstitute.com/Endnotes/Rev_Proc_84-35.pdf
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This is helpful, thank you! I'm curious whether your partnership was an LLC? Same rule?