https://ttlc.intuit.com/community/taxes/discussion/1065-penalty-issue/01/1303324#M471207 <P>hello&nbsp;</P><P>&nbsp;</P><P>My LLC is California LLC taxed as partnership with two members - me and my wife -filed as partnership.</P><P><STRONG>I had no business activity in 2016 and 2018</STRONG>. &nbsp;My CPA told me to file for previous years with no activity since I was expecting income in 2019.</P><P>Per IRS Rule stated in 1065</P><P>“Domestic Partnerships</P><P>Except as provided below, every domestic partnership must file Form 1065,&nbsp;<STRONG>unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes</STRONG>.”</P><P><BR />IRS already send me a 4800 penalty for 2017 For non filing of 1065 with no income .Will I have to pay Penalty for 2018 and 2016 as well. I did not have any income in 2016 or 2018.</P><P>I don’t have so much $ to pay.</P><P>Please help with penalty abatement. I was not informed of hefty penalties and as I called irs today they did not waive anything.</P> Wed, 11 Mar 2020 04:39:19 GMT Mehrotrasam 2020-03-11T04:39:19Z https://ttlc.intuit.com/community/taxes/discussion/1065-penalty-issue/01/1303324#M471207 <P>hello&nbsp;</P><P>&nbsp;</P><P>My LLC is California LLC taxed as partnership with two members - me and my wife -filed as partnership.</P><P><STRONG>I had no business activity in 2016 and 2018</STRONG>. &nbsp;My CPA told me to file for previous years with no activity since I was expecting income in 2019.</P><P>Per IRS Rule stated in 1065</P><P>“Domestic Partnerships</P><P>Except as provided below, every domestic partnership must file Form 1065,&nbsp;<STRONG>unless it neither receives income nor incurs any expenditures treated as deductions or credits for federal income tax purposes</STRONG>.”</P><P><BR />IRS already send me a 4800 penalty for 2017 For non filing of 1065 with no income .Will I have to pay Penalty for 2018 and 2016 as well. I did not have any income in 2016 or 2018.</P><P>I don’t have so much $ to pay.</P><P>Please help with penalty abatement. I was not informed of hefty penalties and as I called irs today they did not waive anything.</P> Wed, 11 Mar 2020 04:39:19 GMT https://ttlc.intuit.com/community/taxes/discussion/1065-penalty-issue/01/1303324#M471207 Mehrotrasam 2020-03-11T04:39:19Z https://ttlc.intuit.com/community/taxes/discussion/re-1065-penalty-issue/01/1306301#M472259 <P>Call a tax lawyer because there folks here can't help you with a penalty abatement.</P> Wed, 11 Mar 2020 22:16:17 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1065-penalty-issue/01/1306301#M472259 dodgers90210 2020-03-11T22:16:17Z