Note:
Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States
If all the conditions above are met, assess the penalty as follows:
Determine the number of months or fraction of month late.
Determine the number of partners. If the number of partners is not present assume 2 partners are present.
Compute the penalty by multiplying the number of months, by the number of partners, by the base penalty amount.
Refer to IRM 20.1.2.4.4.1, Procedures for Assessment or Abatement After 01/01/2022, for information on penalty assessment and computation.
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