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Partneship late filing penalty
I have a domestic Partnership (2 partners) that filed their 2009 & 2010 form 1065 tax returns in late 2011. The penalties for the 2 years are almost $7,000. We will file 2011 in early January. There were huge extenuating circumstances with moving overseas and returning. Through 2008 the Partnership had filed on time and had otherwise been compliant....
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