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Avoid a Larger Penalty by June 14th

2019 – 06/10 Paying a hefty tax bill can be tough. But the IRS urges taxpayers who owe tax and haven’t filed their 2018 returns to act by Friday, June 14, to avoid a larger penalty. The failure-to-file penalty (generally 5%) is assessed when a taxpayer owes taxes and hasn’t filed a return or requested an extension by the April due date. It’s charged for each month (or partial month) that the return is late. After 60 days, the minimum penalty is the lesser of $210 or 100% of the unpaid tax. Exceptions exist for certain taxpayers, including those who live in federally declared disaster areas. For more exceptions and other details, click on  or contact us with questions.

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