@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
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.
