Penalties & Payment Plans
“I didn't get my return filed by the due date, what's the penalty?”
When a return is filed late, the result often depends on whether any tax was due, how long the filing was delayed, and whether the IRS already has a return on record. In many cases, separate penalties can apply to filing late and paying late, and interest may also continue to build. The final amount can vary based on the balance due, any estimated payments already made, and whether there was a reasonable cause for the delay. If a return shows no tax due, the penalty picture is often different than when a balance remains unpaid. A short conversation with a CPA can sort out what applies to your specific numbers.
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.
“How much is the penalty if I missed my filing deadline?”
“I missed the tax filing deadline; how large is the penalty?”
“I was late filing my taxes, what penalty should I expect?”
“I missed the tax deadline, how much penalty am I looking at?”
“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.
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