I read online about a 5% monthly fine up to 25% for failure to file709.I would like to know the penalty is based on the amount of the gift or the tax due after ...
I just sign in my IRS Online Account. It only shows 1040form information. I didn’t see mailed form 3520 which is delivered 4/11/2024 and I didn’t see form 709 w...
Thank you for your reply. I would like to know if his penalty is based on the amount of the gift or the tax due in case of failure to file the 709 form. I read ...
When I google it , it says Failure to pay the gift tax on time will result in a penalty of 0.5 percent per month of the amount due, up to a total of 25 percent....
