Penalties & Payment Plans
“I filed my return late, what penalty do I owe?”
A late-filed return can trigger different penalties depending on whether tax was owed, how long the return was late, and whether any payment was made with the filing. In many cases, the filing penalty and any separate payment penalty are calculated differently, so the total can vary even when the return itself is straightforward. The IRS also often looks at prior filing history, any extension that was in place, and whether reasonable cause may apply. If a notice has already arrived, the wording on that notice and the tax year involved can affect how the balance is explained. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
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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