Penalties

The failure to file penalty applies if you don’t file your tax return by the due date (includingextensions). Interest on a penaltyThe IRS will charge interest on penalties.The date from which the IRS will begin to charge interest varies by the type of penalty. Interestincreases the amount you owe until you pay your balance in…

The failure to file penalty applies if you don’t file your tax return by the due date (includingextensions). How you know you owe the penaltyThe IRS will send you a notice or letter if you owe the failure to file penalty. Penalty amountThe failure to file penalty amount depends on the type of tax return…

You may qualify for penalty relief if you tried to comply with tax laws but were unable due tocircumstances beyond your control. If you received a notice or letter, verify the information is correct. If the information is notcorrect, follow the instructions in your notice or letter. If you can resolve the issue, a penalty…