Is there a penalty for filing taxes late?

Answer 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 »

Top Q&A For: Is there a penalty for filing taxes late

How Do I Calculate the Late Penalty for Filing Taxes?

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 »

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 »

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 »

What Is the Penalty for Paying Federal Estimated Taxes Late?

The Internal Revenue Service uses a pay-as-you-go tax system, which means that as you earn money, you must make estimated tax payments. Most people satisfy this requirement by having their employer... Read More »