§ 78927 Late Payment Penalties

• •If you don't send in your tax forms or pay your taxes on time, you'll have to pay extra money as a penalty.
• •The penalty is 10% of the total amount you owe.
• •You also have to pay 1.5% more every month on the amount you still haven't paid.

You owe $1,000 in taxes but forget to pay by the deadline.

You'll have to pay a $100 penalty (10% of $1,000) right away. Plus, every month you don't pay, you'll owe an extra $15 (1.5% of $1,000) on top of what you already owe.