You know, don't push the button, don't push the button, don't push the button, and then some socko finish. I was pleasantly surprised by how the book bobs and weaves and is a lot more active and entertaining that just that. MILD SPOILER, so don't tell your four year old.
The late payment penalty applies to any portion of your federal tax that remains unpaid as of the due date, typically the tax filing date. The IRS imposes a failure-to-pay penalty of one half of one percent for each month or part of a month that the tax goes unpaid.
For federal income taxes, the interest rate is currently 4% annually, but the interest r â¦ ate is adjusted every quarter. The penalty is 0.5% per month for each whole or partial month. Even if you can't pay your taxes, it is better to file your tax return on time.If you don't file your tax return on time, the penalty increases from 0.5% per month to 5.0% per month.Each state sets its own interest and penalties.or federal income taxes, the interest rate is currently 4% annually, but the interest r â¦ ate is adjusted every quarter. The penalty is 0.5% per month for each whole or partial month. Even if you can't pay your taxes, it is better to file your tax return on time.