I filed my Form 1120-S by March 15 but haven't paid taxes. What's the penalty and interest?
445 views | Last modified 2/8/2021 2:24:31 AM EST

Applicable To
7004 4868 8868 8809

If you have filed the form 1120-S but have not paid the tax due on the regular due date, the IRS will charge 0.5% of your tax for each month or part of a month that the tax remains unpaid. The penalty cannot exceed 25% of the amount due. The penalty will not be charged if you can show reasonable cause for not paying on time.

Was this helpful? Yes No

File your Extension in minutes & get instant IRS approval!

Apply Extension Now

Returning User? Sign in

Couldn't find what you
are looking for?

Contact Us

(803) 514-5155 support@expressextension.com