How bad is the late-filing penalty on my business return?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

The late-filing penalty on a business return can vary quite a bit depending on the entity type, whether any tax was owed, and how late the return was filed. In many cases, the size of the penalty is tied to the return’s filing status and whether there were already extensions or other filings on reco For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.