How big is the penalty if I paid my taxes late?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

The size of a late payment penalty often depends on the type of tax, how late the payment was, and whether any return was filed on time. In many cases, interest can also add to the balance, so the total cost is not just the penalty itself. For some taxpayers, prior payment history, estimated tax pay For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.