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What is the penalty for failure to file this tax return by May 1?

failure file May 1 penalty tax return
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What is the penalty for failure to file this tax return by May 1?

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A. The late filing penalty is 10% of the tax determined to be due. Additional penalties will be incurred if payment is late (after September 15).

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A. The late filing penalty is 10% of the tax determined to be due. Additional penalties will be incurred if payment is late (after September 5).

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