JOHNNYCPA
Level 3
12-06-2019
04:45 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Will the IRS waive the late filing penalty for not filing partnership return on time. I was 5 months late.. $195 @ 5 months time 2 partners equals $2,000?
this was my intial return. I was not aware of penalty since the K-1 income went to my personal return (1040)
Best Answer Click here
Labels