Penalties & Payment Plans
“What’s the penalty for missing my business return due date?”
Missing a business return due date can lead to penalties that often depend on the type of return, whether any tax is owed, and how late the filing is. For business entities, the impact can also vary based on whether the return is for an S corporation, partnership, or C corporation, since each filing has different penalty structures and notice patterns. In some cases, interest and added charges may continue to build if a balance remains unpaid, and prior filing history can affect how the IRS views the account. Working through the specifics with a CPA is the cleanest way to land on the right move.
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 business return late, what penalty am I looking at?”
“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?”
“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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