IRS Failure to File or Failure to Pay Penalties
The IRS may assess penalties when required tax returns are filed late or when taxes owed aren’t paid by the deadline. Failure to File Penalty The Failure to File penalty generally applies when a...
Category: Penality and Interest
IRS Interest Rates for the First Quarter of 2014
IRS Interest Rate for the calendar quarter beginning Jan. 1, 2014 three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) percent for underpayments; five (5) percent for...