What are the penalties for late filing of taxes?
An example of an AI chatbot conversation about late filing penalties for taxes.
What are the penalties for late filing of taxes?
If you file your taxes late, you may face a penalty of 5% of the unpaid taxes for each month your return is late, up to 25%.
Is there a minimum penalty for late filing?
Yes, the minimum penalty for filing late is $435 or 100% of the unpaid tax, whichever is less.
Can I avoid penalties if I file an extension?
Filing an extension gives you more time to file, but it doesn't extend the time to pay your taxes. You may still incur penalties if you owe taxes.
What should I do if I can't pay my taxes on time?
If you can't pay your taxes on time, you should still file your return to avoid the late filing penalty. You can also explore payment plans with the IRS.
Use ChatGPT in Telegram
Get this answer and more from ChatGPT in Telegram, try it for free!
Get Started For FreeWhat can MagicBuddy do?
The Friendly AI in Your Pocket
Powered by advanced language models trained on billions of online words and conversations, MagicBuddy delivers friendly and helpful chat on demand.
Ask questions and get answers. Crack jokes and get laughs. Or even get writing ideas and study help. MagicBuddy's conversational intelligence allows for a truly unique and useful chat experience.
Curious? Try these prompts:
Telegram's Best AI-Powered Chatbot
MagicBuddy is incredibly easy to use and the responses are lightning fast! 🥇
Impressive! MagicBuddy is my go-to AI assistant. It’s quick, accurate, and user-friendly.
Sending voice messages makes it easier to use in the middle of the day and the answers are super fast.
Love it! A friend of mine told me about it and it has made my life so much easier. It’s like having a helpful friend in my pocket!
I use 2 months already, simply amazing! MagicBuddy delivers answers in a snap. It’s a must-have tool for staying informed!
Game-changer! MagicBuddy’s speed and accuracy are unmatched. It’s my secret weapon for productivity
Talk to ChatGPT on Telegram
Say Hello to Your New Telegram BFF - Try MagicBuddy Free!
Get Started For Free