The Spanish Empire. Habsburg Spain was a superpower and the center of the first global empire in the 16th century. It had a cultural golden age in the 17th century. With the Peace of Utrecht (1713), Spain, stripped of its territories in Italy and the Low Countries, lost most of its power, and became a second rate nation in Continental politics.
The late tax filing penalty is typically calculated as 5% of the total amount of unpaid taxes for every month that a tax return is past its due date. The total accumulated penalty amount canât exceed 25% of the total amount of your unpaid taxes.
In addition, the minimum additional late filing penalty for returns required to be filed after 2008 that are more than 60 days late increased to $135 or the balance of the tax due on the return, whichever is smaller. For more information, see the Instructions for Form 1120S.