Updated: N-2017-47, Relief for Partnerships and REMICs Filing Returns or Extension Requests by the Due Date in Effect Before the Enactment of the Surface Transportation Act
Internal Revenue Service (IRS) sent this bulletin at 09/12/2017 01:39 PM EDT
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Issue Number: Updated N-2017-47Inside This IssueNotice 2017-47 initially provided penalty relief to certain partnerships that filed untimely returns or requests for extensions of time to file those returns. This updated notice now applies to both partnerships and real estate mortgage investment conduits (REMICs), which are treated as partnerships for purposes of subtitle F of the Internal Revenue Code (dealing with procedure and administration). Partnerships and REMICs 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 will receive relief from the penalty for failure to timely file. Notice 2017-47 will be in IRB 2017-38, dated September 18, 2017. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |