topic Michigan new LLC business in State tax filing

Michigan new LLC business

Clmason9 — Tue, 10 Mar 2026 06:44:11 GMT

I established my LLC sole proprietor business in February and I had no idea I was supposed to pay taxes throughout the year. Will I be able to file taxes? Can I have underpayment waived?

Re: Michigan new LLC business

Rick19744 — Sun, 20 Nov 2022 14:27:39 GMT

A few thoughts / comments:

Yes, you will still be able to file your 2022 income taxes
There may be two components to any underpayment; interest and penalty
You won't get any relief from the interest component, but you may be able to ask for an abatement of the penalty portion.

Re: Michigan new LLC business

Clmason9 — Tue, 22 Nov 2022 01:05:59 GMT

Thank You this is very helpful. Do you know what steps I would take to request an abatement?

Re: Michigan new LLC business

Mike9241 — Tue, 22 Nov 2022 02:05:45 GMT

we don't know your 2021/2022 tax situations so it's possible there would be no penalties, to begin with, if

you had no tax liability in 2021 or your total tax for 2022 is less than $1,000.

to request waiver you check box A (full waiver) or B (partial waiver) on form 2210

Attach Form 2210 and a statement to your return explaining the reasons you were unable to meet the estimated tax requirements and the time period for which you are requesting a waiver. The IRS will review the information you provide and decide whether to grant your request for a waiver.

Re: Michigan new LLC business

Clmason9 — Tue, 22 Nov 2022 02:16:22 GMT

Will do. Thank You for your help