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.49 Failure to File Partnership Return. In the case of any return required to be filed in 2019, the dollar amount used to determine amount of the penalty under § 6698(b)(1) is $200. .50 Failure to File S Corporation Return. In the case of any return required to be filed in 2019, the dollar amount used to determine amount of the penalty under § 6699(b)(1) is $200. .51 Failure to File Correct Information Returns. In the case of any failure relating to a return required to be filed in 2019, the penalty amounts under § 6721 are: (1) for persons with average annual gross receipts for the most recent three taxable years of more than $5,000,000, for failure to file correct information returns are: Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(a)(1)) $270 $3,282,500 Corrected on or before 30 days after required filing date (§ 6721(b)(1))

$50

$547,000 Corrected after 30th day but on or before August 1 (§ 6721(b)(2))

$100

$1,641,000

(2) for persons with average annual gross receipts for the most recent three taxable years of $5,000,000 or less, for failure to file correct information returns are: Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(d)(1)(A)) $270 $1,094,000 Corrected on or before 30 days after required filing date (§ 6721(d)(1)(B))

$50

$191,000 Corrected after 30th day but on or before August 1 (§ 6721(d)(1)(C))

$100

$547,000