Business & farm

Im having a similar issue.

TurboTax had me fill in the date the LLC ended and made this a partial year return.

It did not say anything about a penalty, nor does the IRS ending a business site or the instructions on the 1065

Now I get a $3700 IRS and $1200 state fine for a company that is gone and gross income was $4200.

 

Should I file an amended return with 12/31/22 as end date - we filed no ending business forms earlier and license was still good, or ask the IRS and state to waive the fees?

 

I am really upset TT business didnt show any fines or have any warnings when it had all the info!