How are fees assessed for TPT and Withholding on an AZTaxes account?
For returns or payment of tax that are submitted late, penalties of up to 25% of the tax due plus interest will be assessed based on the statutory due date of the 20th day of the month. Late filed returns are assessed a late filing penalty of 4.5% per month or any portion of a month up to a maximum of 25%. The late payment penalty is .5% per month up to a maximum of 10%. The maximum total of these two penalties cannot exceed 25% of the tax due.
