Carl
Level 15

Business & farm

One other thing. If you filed an extension for the 1065 partnership return, it was Due Sept 15, 2019. So it's now late. The late filing penalty for a partnership is $200 per month, per partner. So as of now you have a $400 late filing penalty that jumps to $800 after Oct 15th.

If you did not file an extension for the partnership, then your late filing penalty is now $2400 and jumps to $2800 after Oct 15th. Partnership returns are due March 15th. With an extension it's due Sept 15th.