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Important
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For information call now:
(347) 989-4566
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Additional information
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Internal Revenue Service
Austin Service Center
ITIN Operation
P.O. Box 149342
Austin, TX 78714-9342
IN
1-800-829-1040
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Paying Tax Late
You will have to pay a fail- ure-to-pay
penalty of 1/2 of 1% (.50%) of your unpaid taxes for each month, or part of a
month, after the due date that the tax is not paid.
This penalty does not apply
during the automatic 6-month extension of time to file period, if you paid at
least 90% of your actual tax liability on or before the due date of your return
and pay the balance when you file the return.
The monthly rate of the failure-to-pay penalty is half the usual rate (.25%
instead of .50%) if an installment agreement is in effect for that month. You
must have filed your return by the due date (including extensions) to qualify
for this reduced penalty.
If a notice of intent to levy is issued, the rate will increase to 1% at the
start of the first month beginning at least 10 days after the day that the
notice is issued. If a notice and demand for immediate payment is issued, the
rate will increase to 1% at the start of the first month beginning after the day
that the notice and demand is issued.
This penalty cannot be more than 25% of your unpaid tax. You will not have to
pay the penalty if you can show that you had a good reason for not paying your
tax on time.
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