Late-filing penalty
If you owe tax for 2015 and do not file your return for 2015 on time, we will charge you a late-filing penalty. The penalty is 5% of your 2015 balance owing, plus 1% of your balance owing for each full month your return is late, to a maximum of 12 months.
If you owe tax for 2015 and do not file your return for 2015 on time, we will charge you a late-filing penalty. The penalty is 5% of your 2015 balance owing, plus 1% of your balance owing for each full month your return is late, to a maximum of 12 months.