By Clicking 'SignUp' you indicate that you have read and agreed to terms and service. Brute Inverter Generator for $449.00. $449.00Shop now. Brute Inverter Generator for $449.00 as part of its Menards Black Friday Sale 2015.
1 The late filing penalty is 5% of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25%. 2  If you file more than 60 days after the due date, the minimum penalty is $135 or 100% of your unpaid tax, whichever is smaller. If you file more than 60 days after the due date, the minimum penalty is $135 or 100% of your unpaid tax, whichever is smaller. 2  Tip: The late filing penalty can be 10 times higher than the late payment penalty.
The late payment penalty is 0.5% of the unpaid taxes, assessed on a monthly basis, up to a maximum of 25%. For example, if you have $2,000.00 in unpaid taxes, the IRS may charge you $10.00 per month as a late payment penalty (because $2,000.00 x 0.5% = $10.00).iling a tax extension gives you six extra months to file your tax return (5 months for certain business entities) But if you owe taxes, the IRS requires that you still pay by the original due date of your return (typically April 15 for individuals and March 15 for businesses).