sjrcpa
Level 15
08-21-2023
09:35 AM
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1) Yes
2) You "consolidate" the corporate and SMLLC activity for the 1120.
3) You could include a statement with the return but no one would read it. Save it for the letter you will send requesting abatement of the penalty for reasonable cause, after IRS sends the penalty notice.
The more I know the more I don’t know.