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.
For example, if you don't file your return by the due date, and you owe $2,000, you'll pay a combined failure to file and failure to pay penalty of $120 per month until paid in full, up to a maximum of $500. If you owed $10,000, the penalty would be $600 per month, up to a maximum of $2,500.