Penalties & Payment Plans
“How bad is the late-filing penalty on my business return?”
The late-filing penalty on a business return can vary quite a bit depending on the entity type, whether any tax was owed, and how late the return was filed. In many cases, the size of the penalty is tied to the return’s filing status and whether there were already extensions or other filings on record. The total impact can also be influenced by related charges such as interest or separate failure-to-pay amounts. For business owners, the exact exposure often depends on the return type, the filing history, and whether the IRS has already sent any notices. A targeted review with a CPA can turn the uncertainty into a clear next step.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I filed my business return late, what penalty am I looking at?”
“How big is the penalty if I missed my business return deadline?”
“I missed my business tax filing deadline, how much is the penalty?”
“How much penalty do I owe for filing my business return late?”
“I can't pay my $2,000 tax bill, can I set up a payment plan?”
“I can't pay my $5,000 tax bill, can I set up a payment plan?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
Back to the full library