Penalties & Payment Plans
“What is the late payment penalty on my taxes?”
The late payment penalty on taxes often depends on the type of tax involved, how long the balance remains unpaid, and whether any payments or installment arrangements have already been made. In many cases, the IRS or a state revenue agency may also consider interest, prior notices, and whether the return was filed on time when calculating the total amount due. For business and individual taxpayers alike, the exact result can vary based on the tax year, the account balance, and any relief that may apply because of reasonable cause or other administrative factors. Going through your records with a CPA usually surfaces the answer in under an hour.
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 missed my tax payment deadline, what penalty do I owe?”
“How big is the penalty if I paid my taxes late?”
“I didn't pay by the deadline; how much is the penalty?”
“What penalty applies if I miss my tax payment 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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