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Level 5
March 11, 2021
Question

Extensions

Do you recommend filing 7004 even if no payment due? How come in some instances failure to file  penalty of $195 per month is imposed on form partnership and s-corporation filers even if they file 7004?  

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1 reply

Level 8
March 11, 2021

Ours not to reason why!!  Just file the Form 7004 or pay the penalty.