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Income Tax Planning
Chapter 2: Working With the Tax Law/FAILURE-TO-PAY AND FAILURE-TO-FILE PENALTIES
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Chapter 2: Working With the Tax Law

FAILURE-TO-PAY AND FAILURE-TO-FILE PENALTIES

01.Core Concepts

• Failure to File • 5% per month or part thereof  If fraud, 15%/month • Maximum of 25% (5 months)  If fraud, 75% • If 60 days late, minimum $535 in 2026 ($525 in 2025) or 100% of tax due • Reduced by failure-to-pay penalty • Failure to Pay • 0.5% per month or part thereof • Maximum of 25% (50 months)