Tag Archives: Late Payment Penalty

Failure to File or Pay Penalties: Additional Four Facts

    The number of electronic filing and payment options increases every year, which helps reduce your burden and also improves the timeliness and accuracy of tax returns. When it comes to filing your tax return, however, the law provides … Continue reading

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IRS Penalties: Part 3 of 4

The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. These are designed to foster compliance. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected and … Continue reading

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IRS Penalties: Part 2 of 4

The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. These are designed to foster compliance. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected and … Continue reading

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IRS Penalties: Part 1 of 4

The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. Penalties are generally payable upon notice and demand. Penalties are generally assessed, collected and paid in the same manner as … Continue reading

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Late Filing Of Tax Returns

  What happens if you fail to file your return by October 15, the extended due date? One consequence: Unless a disaster-relief exception applies or you have a valid reason, you may be charged penalties and interest. For example, the … Continue reading

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