3 questions:
I know that if you have more than one member/owner in the LLC, the late filing penalty will be $195 per partner and month (up to 12 months).
(1) But what if you are the only member/owner in LLC? does the same penalty applies?
(2) Also, if that penalty applies and this is your first time of late filing, does the "first time abatement" apply?
(3)and is it possible to register 'first time abatement' from turbotax or do i need to ask for professionals/accountants to do that?
