I’m late on my business return, how severe is the penalty?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Late business returns can trigger penalties that vary based on the type of return, how late it is, and whether any tax was unpaid when the filing was due. In many cases, the amount can also be affected by prior filing history, extensions already on file, and whether the return is part of a broader c 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.