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.
Save yourself late penalties. The IRS charges you two kinds of penalties for missing the deadline: The first is one is a failure to file penalty, which is commonly 5% of taxes due for each month past the deadline. This penalty will not exceed 25%.ave yourself late penalties. The IRS charges you two kinds of penalties for missing the deadline: The first is one is a failure to file penalty, which is commonly 5% of taxes due for each month past the deadline. This penalty will not exceed 25%.