Common penalties
include:
1. Failure to file
– when you
don't file
your tax return by
the return due
date, April 15, or
extended due da
(
more)
Common penalties include:
1. Failure to file – when you don't file your tax return by the return due date, April 15, or extended due date if an extension to file is requested and approved.
2.Failure to pay – when you don't pay the taxes reported on your return in full by the due date.
3. Failure to pay proper estimated tax - when you don’t pay enough taxes due for the year with your quarterly estimated tax payments.
4. Dishonored check - when your bank doesn't honor your check or other form of payment.
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