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23 .56 Failure to File Partnership Return. In the case of any return required to be filed in 2025, the dollar amount used to determine the amount of the penalty under § 6698(b)(1) is $245. .57 Failure to File S Corporation Return. In the case of any return required to be filed in 2025, the dollar amount used to determine the amount of the penalty under § 6699(b)(1) is $245. .58 Failure to File Correct Information Returns. In the case of any failure relating to a return required to be filed in 2025, 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: Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(a)(1)) $330 $3,987,000 Corrected on or before 30 days after required filing date (§ 6721(b)(1)) $60 $664,500 Corrected after 30th day but on or before August 1, 2025 (§ 6721(b)(2)) $130 $1,993,500

(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: Scenario Penalty Per Return Calendar Year Maximum General Rule (§ 6721(d)(1)(A)) $330 $1,329,000 Corrected on or before 30 days after required filing date (§ 6721(d)(1)(B)) $60 $232,500 Corrected after 30th day but on or before August 1, 2025 (§ 6721(d)(1)(C)) $130 $664,500