The Penalty For NOT Filing Your Business Tax Returns By March 15, 2018 - OUCH!

The IRS late filing penalty for S-Corps and LLC partnerships is similar. The IRS assesses $200 per owner, per month, for a maximum of 12 months.

Taxpayers may request penalty abatement based on reasonable cause. Ignoring the extension deadline is not reasonable cause.

There is also a $260 penalty for failure to furnish a Schedule K-1 to an owner on time, and the penalty is higher if intentionally disregarded. States assess penalties and interest, often based on payments due.

Why go through all of that? Call or email to our office today - FREE 6 month filing extension. No cost or obligation of any kind. Takes only 10 minutes.