How big is the penalty if I missed my business return deadline?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Missing a business return deadline can lead to penalties that vary based on the type of return, how late it is, and whether any tax was unpaid when the return was due. In many cases, the IRS also looks at whether the filing was for a partnership, S corporation, or another entity type, since the pena 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.