Penalties if a Taxpayer Does not File a Tax Return

What are the penalties if a taxpayer does not file a tax return?

Answer

If there’s a tax balance due, the penalty for failure to file (5%/month up to 25%) is ten times more than the penalty for failure to pay (1/2 of 1% a month). So the best advice is always to file, even if the taxpayer cannot pay. Feel free to reach us for any Tax consulting service. Our Tax Experts are happy to help you.

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2018-02-22T16:43:19+00:00February 22, 2018|0 Comments