The business was dissolved in March 2018 and we filed the dissolution paperwork with our state. I filed the 2018 final federal tax return on February 15, 2019. Today we received a penalty notification from the IRS with a balance due because they said we filed the partnership return late. Were we supposed to file a final return earlier? I used TurboTax Busines online version.
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You are supposed to file the final tax return for a partnership within 2 months and 15 days of the last day of the month you dissolved the partnership.
You are supposed to file the final tax return for a partnership within 2 months and 15 days of the last day of the month you dissolved the partnership.
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