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Partnership Return - Late filing

  • 1.  Partnership Return - Late filing

    Posted 04-19-2021 12:43 AM
    Hello,

    I got a client who opened up an LLC June 2018 as a partnership.  SS-4 states that it was a partnership.  NYS TR-570 was also filled out and sent back as having 2 partners.  Business never materialized, there were no transactions nor any bank account opened, etc.  

    Is there a way to dissolve the partnership without having to file Forms 1065 for previous years and avoid the hefty penalties?

    Thank you,

    Connie

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    Conchita (Connie) Machado, EA, CAA
    Member for Complete Multi Services 1 LLC
    770 Sycamore Ave.
    Bohemia, NY 11716
    P. 631-750-3061
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