TaxGuyBill
Level 15
09-15-2021
11:31 AM
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@Brian of Colorado wrote:
At the beginning of 2020 one of the partners broke away,
If the Partnership ended in early 2020, the "final" Partnership return needed to be filed a LONG time ago (2.5 months after the Partnership ended), and the late-filing penalty has now grown to over $4800.
Money earned as a single business owner is a Sole Proprietorship on Schedule C.