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May 17, 2025
Question

I was charged a penalty from the IRS for failure to file my partnership return on time. But Turbotax says my 2024 return was accepted. What did I do wrong?

  • May 17, 2025
  • 3 replies
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    3 replies

    May 17, 2025

    "Accepted" does not mean it was filed on time.  Accepted means you entered enough information for the IRS to take it into the system for processing.

     

    https://turbotax.intuit.com/tax-tips/small-business-taxes/business-tax-deadline-guide-for-2024/c6DlyOhp5

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    May 19, 2025

    Partnership returns (and S Corps)  were due on 3/17/25. This differs from individuals or sole proprietor taxpayers. 
    Look under the File menu, Electronic Filing, Show Electronic Filing History to check the file date. 

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    May 19, 2025

    if you filed after 3/15/2025 with no extension, you may want to request the IRS to abate the penalties if this is the first time you've filed a 1065 or all others were timely filed. The decision is in the hands of the IRS.