 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
IRS wants return for closed business
I filed 1065 Partnership Return for 2011 for a California LLC and checked the "technical termination" box and business had no further activity. I forgot to file the Certificate of Cancellation (Form LLC–4/7) with Secretary of State until 2012. Now the IRS sent me a letter asking for 2012 Tax Return.
Should I write a letter back stating that it was terminated in 2011 and they should refer to 2011 tax form, or should I file a 2012 tax return with the "technical termination" box checked again (maybe with a note of explanation)? I fear they're going to hit me with penalties and late fees... Any solution to avoid this? Thanks! |
||||
|
||||
|
You are correct to be concerned about the late filing penalties.
Call the IRS at the phone number on the notice and explain the situation, then ask for guidance was to what to do. It is possible the IRS will not ask for another partnership return if there was no business activity. |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
I sold my car to my friend. She didn't have the money, so she told me she would pay me out of her tax refund check. Since she owed me money and was buying my car, I said cool. I gave her my account information. From there, I got the money from the refund. 3 days later, the bank closed my account. I...
Hi, I mailed the tax return about March 20. I checked Where Is My Refund, it shows they did not receive my tax return. I also check with the automatic hotline. In this case, what should I do? Can I file return next next year? I only have one copy of W-2 from the company.
Hello, I am on H1B Work Permit Visa working in USA since past 4 years. Last year I send around 55,000.00 USD to India through online remittance to my Uncle. He invested the money in purchasing a flat which is in my name. While filing Tax return do I need to declare this ? Sending money was not...
I was just approved for social security disability benefits after 6 yrs. Of trying. I have not received any money yet. My husbands business closed 2 yrs. Ago oweing the IRS taxes exceding 100.0000. We are paying a small monthly fee to try to pay them back. When I receive my benefits can they take...
I filed a amended return at the beginning of April and I was wondering if the IRS will send out a letter or something to let me know if there was anything wrong with it or if it was processed successfully. I believe it has been 6 weeks now.
View more questions Search
|
