Penalties & Payment Plans
“What penalty applies if I didn't file on time?”
Late filing penalties often depend on which return was missed, whether any tax was due, and how long the return remained unfiled. In many cases, the IRS looks at the type of filing, any balance owed, and whether there was a reasonable cause for the delay when determining the outcome. Interest and other related charges can also come into play, especially if the return was tied to an unpaid balance. State tax agencies may apply their own rules as well, so the full picture often depends on both federal and state filing details. 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.
“I filed my return late, what penalty do I owe?”
“How much is the penalty if I missed my filing deadline?”
“I missed the tax filing deadline; how large is the penalty?”
“If I file late, how big can the penalty be?”
“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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