Business & farm

you should read this link about penalties for late filing the partnership return. you may want to seek professional help in drafting a letter to abate some or all of the penalties. Your other option is to wait to see if the IRS does in fact send you a penalty notice. 

https://www.hagger-tax.com/tax-articles/partnership-tax-return-late 

 

at the same time, you may want to take care of the 2024 partnership return because that is also late and incurring penalties.