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Taxpayers owed a refund won’t be charged a fee for filing late. The failure-to-pay penalty is 0.50% each month your IRS payment is late, up to 25%, according to the IRS.
Penalty for Failure to Timely Pay Tax: If a taxpayer fails to pay the balance due shown on the tax return by the due date (even if the reason of nonpayment is a bounced check), there is a penalty of 0.5% of the amount of unpaid tax per month (or partial month), up to a maximum of 25%.
Filing taxes late isn't an ideal financial situation, but it can happen for a variety of reasons. Depending on the reason you need to file your taxes late, you may be able to get an extension.
Faulty payment (e.g., bad checks): Flat fee of $35.00 You can find the complete list of penalties and fees on the Indiana Department of Revenue website . For more information on the laws about ...
Failing to pay any taxes owed upon filing or receiving an extension will charged a monthly penalty of 0.5% of unpaid amounts. The IRS states an extension to file is not an extension to pay.
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related to: income tax late fees paymentturbotax.intuit.com has been visited by 100K+ users in the past month
Stellar Choice For Taxpayers - TopTenReviews
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