taxes
 






 

Question by  amber31 (28)

What is the peanalty for a late payment to the IRS?

I can pay, I just forgot the due date.

 
+6

Answer by  beck (1099)

When you get your tax bill from the IRS they will have the exact penalty, the faster you pay the lower it should be.

 
+5

Answer by  jsmith (2067)

The penalty is 5% for each month the tax return is late, up to a total maximum penalty of 25%.

 
+4

Answer by  mtown934 (733)

There are many different things that you may need to worry about here. Generally it is just a fine and nothing too terrible but it could be a lot worse.

 
You have 50 words left!