TaxGuyBill
Level 15

@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.