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Partnership Denied Penalty Refund

A US district court ruled that a partnership failed to prove that it timely requested an extension of time to file and that the IRS improperly assessed a failure-to-file penalty. Thus, the partnership was not entitled to a refund of the penalty. To satisfy the mailing requirements for the timely filing rule, the document must be postmarked on or before the date prescribed for the filing or payment, including extensions. (Jones, Bell, Abbott, Fleming & Fitzgerald, LLP, DC CA, 6/15/18)



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