Partnership penalty abatement letter - ncpe Fellowship
Partnership penalty abatement letter
XYZ Partnership
Address
City, State
July 14, 20XX
Internal Revenue Service Re: CP 162
Ogden, UT 84201-0039 Tax Form 1065, for 12/31/XX
EIN # XX-XXXXXXX
To whom it may concern:
Based on our records, the Form 1065 was timely filed. However, under Revenue Procedure 84-35 there is an automatic waiver for certain small partnerships.
This is a small partnership (2 LLC members) qualifying for late filing penalty waiver under the following:
1. The partnership has 10 or fewer partners, all of whom are natural persons;
2. Each partner’s share of each partnership item is the same as such partner’s share of every other item;
3. All partners timely filed their form 1040 for 2008 and fully reported their shares of income, deductions and credits on their timely filed returns.
Please waive the proposed penalty under Revenue Procedure 84-35 as the above requirements have been met.
Please advise of the abatement.
Sincerely,
XXXXXXXXXXXX
................
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