The approximate driving time and mileage information -   Between: Indianapolis, IN  and: Tucson, AZ  Driving miles: 1710  Driving time: 28 hrs   - is based on traveli â¦ ng non-stop in good driving conditions.
Penalties for Late Filing. If a business fails to file an information return by the due date or does not apply for an extension, the IRS may charge a penalty fee. If a business submits Form 1099 within 30 days from the due date, the penalty is $30 per form.
Here's how the penalty works. If you don't either file your 1120S tax return or extend the tax return on or before the original return due date (typically March 15), the IRS assesses a penalty of $195 on March 16 for each K-1 you didn't file on time.As you may know, an S corporation owes a K-1 for each shareholder.ere's how the penalty works. If you don't either file your 1120S tax return or extend the tax return on or before the original return due date (typically March 15), the IRS assesses a penalty of $195 on March 16 for each K-1 you didn't file on time.