SDIRA LLC Late tax return penalty

[Brenda Williamson]

So, I filed my SDIRA's LLC 1065 late and received a notification of penalty. A couple of questions:

Should I just pay or is there some benefit to requesting abatement?  Any particular line of reasoning in such a request?

Will the penalty payment be made from inside the IRA or outside of it? Fortunately, there is enough cash in the SDIRA to pay it, if that is how it must be paid.

[Carl Fischer]

@Brenda Williamson

 Before use your first time abatement  make sure it’s enough to make it worth it.