Wrong! There is a 0.5% late "pay"ing penalty, assessed per month, up to 10 months (5% total). Not to be confused with late "FILING" penalty of 5% per month, up to 10 months (50% total).
I struggle with clients over this all the time. Even with the late "pay"ing penalties, it is usually cheaper to owe the gov't, than to borrow.
OK, thanks. Good to know. Still well worth it in my opinion. The IRS is a criminal enterprise collaborating with authorities committing treason. If I can play just a small part in bringing this illegal government to it knees, then it's still affordable.
Wrong! There is a 0.5% late "pay"ing penalty, assessed per month, up to 10 months (5% total). Not to be confused with late "FILING" penalty of 5% per month, up to 10 months (50% total).
I struggle with clients over this all the time. Even with the late "pay"ing penalties, it is usually cheaper to owe the gov't, than to borrow.
OK, thanks. Good to know. Still well worth it in my opinion. The IRS is a criminal enterprise collaborating with authorities committing treason. If I can play just a small part in bringing this illegal government to it knees, then it's still affordable.