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Old 02-05-2012, 11:46 PM
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What arguments can be put forward to waive the Late Filing penalty for a Multi Member LLC tax return that was filed 10 months late?

Dear TaxGuru,

"What arguments can be put forward to waive the Late Filing penalty for a Multi Member LLC tax return that was filed 10 months late?"

My client did not file an LLC 2010 Tax Return until October 2011 for an 11 member LLC! The penalties of this are substantial, ie over $11,000 dollars and change!!

Any suggestions by anybody how I should approach this with respect to abating the penalties would be most appreciated!

Thanks..!!!



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Old 02-08-2012, 07:54 PM
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Please click on the following link to get a answer to your question!


Under what circumstances will the IRS abate Late filing penalties for a Late Filed Partnership Tax Return?

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