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Owe Taxes or Didn't File Yet

Posted by taxcoach on May 24, 2009 at 10:56 PM

If you owe the IRS or have not filed your tax return yet you will incur some fees.

 

The failure to file penalty is 5 percent per month, or part of a month, of the balance due, up to a maximum of 25 percent.

 

If the tax return is more than 60 days late, the minimum penalty is $135 or the balance due, whichever is less.

 

If you have not filed and need to, please give us a call to arrange a time to assist you in filing your tax returns.

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