Went into business with a friend in 2022 and I just found out there have not been any tax returns submitted
Asked in Fort Wayne, IN on June 10, 2025 Last answered on March 31, 2026He basically did all paperwork, and was suppose to submit all returns. I just want out and my name off of the llc but don't know where to start.
1 answer
Free Consultation Failing to file a required tax return can be a crime but is rarely prosecuted. You need to consult a Certified Public Accountant (CPA) who can prepare your tax returns for tax year 2022, 2023, 2024, and 2025. The IRS generally has three years to audit you tax returns; however, this limitations period does not begin to run if there is no tax return filed. The sooner you file the tax returns the less you will pay in interest and penalties on any tax due.
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