Permalink Reply Quote. $18.53 per hour. But to get a true cost you need to factor in the cost of your benifits the company pays for. In our local it is about $6.50 per hour for healthcare, pention and all others. That would put my true rate at about $25 an hour.
If you file your returns 60 days late the penalty is either $135 or 100 percent of the tax owed, whichever is smaller. There are no penalties for taxpayers who file late but owe no tax or are owed a refund.
As drafted, the failure-to-file penalty for gift tax return submisÂ­sions is underinclusive and has proven ineffectual. Yet broadening the application of the penalty to apply in every instance when a taxpayer fails to file a gift tax return raises important political concerns. Consider that the code contalns several penalties for failure to file tax returns even when no tax is owed. For example, if a U.S. shareholder owns an interest in a controlled foreign company and fails to file Form 5471, a $10,000 annual penalty applies.