IRS welcoming news update:

Notice 2017-47 provides penalty relief to partnerships that filed certain untimely returns or untimely requests for extension of time to file those returns for the first taxable year that began after December 31, 2015, by the fifteenth day of the fourth month following the close of that taxable year.

 

PURPOSE of Notice 2017-47
This notice provides penalty relief to partnerships that filed certain untimely returns or untimely requests for extension of time to file those returns for the first taxable year that began after December 31, 2015, by the fifteenth day of the fourth month following the close of that taxable year.