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Get your taxes done using TurboTax
Thank you. I will see if the penalty will get removed but my main goal is to try to avoid it next year.
So what would you advice to avoid it based on the information provided? Specifically, maybe we should focus on my disregarded LLC that I report on schedule-c. If the LLC is expected to have more expenses than revenue, do I still have to pay taxes quarterly when there will be no profit? Wondering it that will help avoid penalties.
‎April 11, 2025
10:19 AM