new post The IRS Hit Me With a $10,000 Penalty — and It Could Happen to You, Too! by see original post at http://www.biggerpockets.com/renewsblog/2016/02/24/irs-penalty-partnership-tax-return/

I’m not sure I had ever been that scared in my life… …and it all started with a simple LLC! Despite being a letter from the government, it was clear as could be: I was being charged a nearly $10,000 penalty from the IRS. What was I going to do? I didn’t even have $10,000!? [...]

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