> Taxes

Tax forum: prepare tax, tax deduction, etc

Featured General Budget Daily life tips Insurance Investment Loan & Planification Taxes

|  Search  |  Log In

I cannot file on time how much interest it will charge?

salmon 10-09-2007 14:15 Messages: 4 Country: USA City: Boston I can't file on time how much interest it will charge?

Re: I cannot file on time how much interest it will charge?

Russel 10-09-2007 16:34 Messages: 5 Country: USA City: Lansing It is charged 7% for the first quarter of 2006; the rate is accustomed every three months. If you filed on time but didn’t pay on time, you’ll generally have to pay a late-payment penalty of one-half of one percent of the tax to be paid for each month, or part of a month, that the tax remains owing after the due date, up to 25 %.

Re: I cannot file on time how much interest it will charge?

Richard 10-09-2007 16:38 Messages: 4 Country: USA City: Annapolis The one-half of one percent rate increases to one percent if the tax remains unpaid after several notices have been sent to you and IRS issues a notice of intent to levy.

> Taxes

in the Taxes forum

Forum index

Your Name:  Your E-mail: * Your email address will never be revealed, it is only used to notify you if someone replies to you.  Subject: Get notified by email if someone replies to a message of this discussion