I missed the filing deadline for my business return, what penalty applies?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Missing a business return filing deadline can trigger different penalties, and the result often depends on the entity type, whether the return was actually filed late or not filed at all, and whether any tax was due with the return. In many cases, the IRS also looks at whether there was a reasonable 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.