Penalties & Payment Plans
“I filed my business return late, what penalty am I looking at?”
A late-filed business return can carry more than one type of penalty, and the outcome often depends on the entity type, whether any tax was actually due, and how long the return was overdue. In many cases, the IRS looks at both filing and payment issues separately, so a return filed late with an unpaid balance may involve different charges than a return filed late with no balance due. The specific form involved and whether there were prior notices or reasonable-cause facts can also affect how the penalty is assessed and whether relief is available. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
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 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?”
“What’s the penalty for missing my business return due date?”
“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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