Question

 How Do I Calculate the Late Penalty for Filing Taxes?

Answer All taxpayers who do not pay the full amount of their tax owed by April 15 will be assessed a failure-to-pay penalty. Those who owe tax and do not file, or postmark, their returns on or before Apr... Read More »
http://www.answerbag.com/q_view/1897414

Top Q&A For: How Do I Calculate the Late Penalty for Filing ...

Is there a penalty for filing taxes late?

If a taxpayer fails to file an extension with the Internal Revenue Service, the penalty is five percent per month on the amount of taxes owed to the government. This amount cannot exceed a total of... Read More »
http://www.answerbag.com/q_view/1898226

How do I appeal a late tax filing penalty?

Review the letter you received from the Internal Revenue Service regarding assessing the penalty and denying any request you have made to remove it. Prepare a protest in accordance with the letter... Read More »
http://www.answerbag.com/q_view/2110075

How much is the fee for filing taxes late?

The fee for filing federal taxes late is 5 percent of the taxes due for each month after the date the taxes should have been filed, according to the Internal Revenue Service. After 60 days, the tax... Read More »
http://www.answerbag.com/q_view/1865112

Can You Be Penalized for Filing Late Taxes?

Every April working people are required to file a tax return with the Internal Revenue Service (IRS). Filing taxes can be daunting, sometimes downright overwhelming, which prompts procrastination ... Read More »
http://www.ehow.com/facts_6370652_can-penalized-filing-late-taxes_.html


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