§ 71128 Late Payment Penalties

• •If you don't file your taxes or pay what you owe on time, you'll get a fine.
• •The fine is 10% of the total amount you owe.
• •You also have to pay extra money (1.5% interest) every month on what you still haven't paid.

You owe $1,000 in taxes but forget to pay on time.

You'll get a $100 fine (10% of $1,000) and an extra $15 every month (1.5% of $1,000) until you pay it all.