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Deductions & credits


@phildonnia wrote:

I believe you have that backwards.  

 

The late filing penalty is 5%; the late payment penalty is 0.5% per month.

 

https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest

 


Yes,I think I have done that more than once.

https://www.irs.gov/businesses/small-businesses-self-employed/understanding-penalties-and-interest

‎May 19, 2021 1:19 PM
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