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.
Failure to File Penalty. Taxpayers who do not file their income tax returns on time may be assessed a failure to file penalty. The failure to file penalty is 5 percent of the unpaid tax for each month the tax remains unpaid. In addition to the 5 percent, any tax returns more than 60 days late will be assessed $135 or 100% tax due.