Washington, DC asked in Tax Law for District of Columbia

Q: 1065 Partnership late filing fees abatement

So here is the situation, I was contact by IRS regarding payment on 1065 late filing charges. This is for multiple years and totals to about 45k. My business is going to suffer if I’m made to pay these and I need to figure what options are available to possible abate these penalties. It is a lot of money given we are still trying to recover from pandemic. The llc has two members

Related Topics:
1 Lawyer Answer
Linda Simmons Campbell
Linda Simmons Campbell
  • Tax Law Lawyer
  • Burlington, CT

A: There may be a few options available to you but more details would be necessary before advising you which might be best. I recommend speaking with a tax attorney. Most of us offer a free consultation. Just stay away from the places you see advertised on tv.

1 user found this answer helpful

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.