hello
My LLC is California LLC taxed as partnership with two members - me and my wife -filed as partnership.
I had no business activity in 2016 and 2018. My CPA told me to file for previous years with no activity since I was expecting income in 2019.
Per IRS Rule stated in 1065
“Domestic Partnerships
Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes.”
IRS already send me a 4800 penalty for 2017 For non filing of 1065 with no income .Will I have to pay Penalty for 2018 and 2016 as well. I did not have any income in 2016 or 2018.
I don’t have so much $ to pay.
Please help with penalty abatement. I was not informed of hefty penalties and as I called irs today they did not waive anything.
