Penalties & Interest

Federal Tax Deposit Penalties – Form 940, Form 941, or Form 944

Failure to Deposit Penalty Percentage Rates:   At a Glance Failure to Deposit Penalty Rates for Unpaid Tax:   1-5 days late: 2% 6-15 [...]

Eight Facts on Late Filing and Late Payment Penalties

April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. By law, the IRS may assess penalties to [...]