IRS failure to file, failure to pay penalties
Sep 29, 2014 by
Straight from IRS notice 746, the information below explains the combined Failure to File and Failure to Pay penalties.
"Filing and Paying Late - IRC 6651 — We charged a 5% combined penalty of 4-1/2% for filing late and 1/2% for paying late because, according to our records, you filed your return late and didn't pay your tax by the due date of your return. The combined penalty is 5% of your un...
be the first to add a comment