Comments on: IRS – Late Filing Tax Return Penalties – Need Some Motivation?

By: Kim Cafaro

Kim Cafaro — Mon, 07 Dec 2009 18:50:09 +0000

Before paying any late filing penalty notice, review Rev. Proc. 84-35 to see if your partnership falls under the late filing penalty exception.

By: Tom Prichard

Tom Prichard — Mon, 23 Nov 2009 22:44:48 +0000

My accountant prepared my tax return after filing an extension. I owed money on the return and sent the money to the IRS. My accountant e-filed my return by the due date, and sold his practice that same month. Turns out my return got rejected and the new accountant wasn’t aware of the situation, so we filed a paper return (way late of course) and I got smacked with penalty. Anything I can do to get out of this penalty?

By: billy

billy — Mon, 31 Aug 2009 00:47:20 +0000

I filed my 2008 return on august 29, 2009. Since i made like $2200 in odd petty jobs like construction etc. I am suppose to get a refund for $152 eventhough the preparer told me to send a check of $452 to the IRS first because of the self-employed category i think.
My question, how much of a penalty would i pay for filing on august 28, 2009 and would they keep my refund as their penalty fees.?

By: Mary

Mary — Fri, 03 Jul 2009 02:00:17 +0000

My partnership filed a late return and now is being assessed a penalty. My question is there were no taxes due from the partnership (all monies were paid out to the partners so the partnership had no income and therefore no taxes). Do penalties still apply when you file late even with no taxes due?

By: Four Pillars

Four Pillars — Sat, 18 Apr 2009 15:58:56 +0000

Carole – as I said in the post – penalties are only applied to money that is owing to the government. Late refunds have no penalty.

By: Carole

Carole — Sat, 18 Apr 2009 13:27:56 +0000

My college student son wants to send his return in now, on the 19th. He only made $2,000 at a part-time job, but wants to get back the $136 in taxes he paid in. I know he is not even required to file, but is there any penalty involved because he is late?

By: Four Pillars

Four Pillars — Thu, 16 Apr 2009 23:46:36 +0000

Thanks Harry, that’s exactly what I said in the post.

By: Harry Boscoe

Harry Boscoe — Thu, 16 Apr 2009 22:45:26 +0000

I think the failure to file penalty stops, by law, at 25% of the unpaid tax. IRC Section 6651, IIRC.

By: -> What Should I Do If I Can’t Pay My Taxes? What Options Do I Have? | Bible Money Matters

Thu, 16 Apr 2009 14:58:45 +0000

[...] If you can’t pay all of your taxes due, still file and pay as much as possible to reduce penalties and interest. [...]

By: What if You Miss the Tax Deadline?

What if You Miss the Tax Deadline? — Thu, 16 Apr 2009 13:17:12 +0000

[...] More information: Here is more about what happens if you don’t file your federal tax return, and more info on penalties for filing your taxes late. [...]