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.
Late Filing Penalty - S Corp Shareholder. We impose a penalty if you fail to file the business entity's tax return by its due date. We impose the penalty for tax returns with original due dates on or after January 1, 2011. The penalty is $18 per shareholder for each month or part of the month that the failure continues, but not to exceed 12 months. (R&TC Section 19172.5). Penalties when you pay late Underpayment and Monthly Penalty. We impose a penalty if you do not pay the total amount due shown on your entity's tax return by the original due date. The penalty is 5 percent of the unpaid tax, plus 0.5 percent of the unpaid tax for each month or part of a month it remains unpaid. The maximum penalty is 25 percent of the unpaid tax. (R&TC Section 19132). Corporation Estimated Tax Penalty. We impose a penalty if your entity does not pay, pays late, or underpays an estimated tax installment. We calculate the penalty on the unpaid amount from the due date of the estimated tax installment to the date we receive your payment or to the due date of the return, whichever is earlier.