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Calculate IRS penalty
Guys - I I had filed an extension request back in April and I just did my order as filing but I owe 20,000. Is it 0.5% every month for penalty and 5% interest? Are these calculations approximately correct?
Penalty - $100 every month of filing late
Interest - $500 total interest for 6 months late
Thanks
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‎October 1, 2024
8:22 AM