If you file a Form 1065 partnership tax return late, you will certainly receive a late filing penalty notice from the IRS.

The IRS computes the penalty based on the number of months filed late, times the number of partners in the partnership. The penalty can get quite high very quickly...

There is some relief, however, under the IRS Revenue Procedure 84-35.

If a partnership meets the conditions, it can qualify for penalty relief.

Other Partnership Videos:
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Schedule B-1: [ Ссылка ]
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Deducting Business Gifts: [ Ссылка ]
Foreign Owned LLC Form 1065: [ Ссылка ]
Foreign Owned LLC Partnership Pay No Tax: [ Ссылка ]
Do I Need a Form 1065 If I Lost Money: [ Ссылка ]
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