I have a client that does not have their stuff together as we are waiting on calculations from their Retirement Plan TPA.
I can either file today and amend or not file and file next week once I have what I need.
I am leaning towards not filing but wanted to confirm one thing regarding the penalty.
They are under extension. If I file them next week, will the penalty be calculated as $200 x 1 month late from the extended due date or or will it be 7 months late from the original due date?