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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!
‎April 15, 2023
10:24 AM