The National Weight Control Registry: Is it Usefu inl Helping Deal with Our Obesity Epidemic? james o. hill phd', holl; wyatty md', suzann; phelane phd^, ren; a wing,
Failure-to-File Penalty. Also known as the âlate filing penalty,â this fee may be assessed if you do not file your tax return (or tax extension application) by the proper due date. This deadline is April 15 for most individual taxpayers, and March 15 for most businesses.lso known as the âlate payment penalty,â this fee may be assessed if you do not pay your income tax liability by the proper due date. This deadline is April 15 for most individual taxpayers, and March 15 for most businesses.
Filing an extension does not give you more time to pay what's owed, Smith said. The failure-to-pay penalty is 0.5% per month, up to a maximum of 25% of what is owed.Plus individual taxpayers would owe interest a bit above 3% on taxes and penalties.iling an extension does not give you more time to pay what's owed, Smith said. The failure-to-pay penalty is 0.5% per month, up to a maximum of 25% of what is owed.