The IRS' late payment penalty is 0.5% of the taxes not paid, charged per month, up to a maximum of 25%. For example, if you have $2,000 of unpaid taxes, the IRS may charge you $10 per month as a late payment penalty.
What is the late payment penalty if I do not pay any outstanding tax balance when I file my tax extension? - Knowledgebase / FAQs - E.File-Tax.net
What is the late payment penalty if I do not pay any outstanding tax balance when I file my tax extension?
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- Last updated: Jul 20, 2020 by Jared