5% of the amount due, a maximum of 25% of the amount due
If you owe $540 or less, the total is $135 or 100% of the amount due, whichever is less.
Partnership Penalty:
S Corporation Penalty:
You did not file a return by the due date on the Demand for a Tax Return letter. You may owe penalties and interest, even if your tax return shows that a refund is due.
25% of the total tax amount due, regardless of any payments or credits made on time
Call us at (888) 515-4829 or go to trp.tax/start
If we cannot help you, we’ll tell you.
Going it alone? Check out our free tax help guide by searching “trp tax help guide” on Google.
Need a question answered? Comment on our YouTube videos and a tax attorney will answer.
This article endeavors to provide an exhaustive exploration into the intricacies of foreign trusts, aiming to offer clarity for trustees,… Read More
Understanding the ins and outs of providing free meals and/or lodging to your employees can be a bit daunting, but… Read More
As state tax revenues taper off from their peak levels, there's a growing debate over the financial viability of the… Read More
Imagine a dynamic sales tax environment across the United States, where navigating sales tax regulations feels like solving a puzzle,… Read More
As we set sail into another year of navigating sales tax landscapes, there's a wave of anticipation for the exciting… Read More
Attention self-employed individuals and small business owners! If you haven't yet claimed your sick and family leave tax credits, it's… Read More