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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