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Business & farm
Keep in mind, if your partnership dissolution date is the same as your sale date, you more than likely have a late partnership tax return.
The partnership return is due the 15th day of the 3rd month.
So if you use sometime in August 2021 as your final day, the return was due in November 2021. If you did not request an extension, then your return is late.
Did you not have some final bills to wait for and pay?
Also remember you may have to contact your Secretary of State to close out the partnership. This will vary by state, so you may just want to follow-up on this.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎February 10, 2022
1:23 PM
2,223 Views