Will I be assessed penalty, interest, or late charges if I fail to make estimated payments and/or fail to timely file a RITA return and remit any balance due by the due date?
Yes. Penalty and interest may be assessed for a variety of reasons, including: Failure to make estimated payments as required by Ordinance. Failure to pay tax owed by the due date. Failure to file a return by the required due date. Do you have a penalty and interest calculator? No. RITA does not have a penalty and interest calculator. However, you may calculate the penalty and interest yourself using the rates provided in the assessing municipalitys local income tax Ordinance, available on our web site. You can also contact RITA customer service during regular business hours.
Related Questions
- I was late mailing my estimated tax payment. To minimize the penalty, how do I compute the interest rate and late payment charges in order to send an additional check to the IRS as soon as possible?
- Will I be assessed penalty, interest, or late charges if I fail to make estimated payments and/or fail to timely file a RITA return and remit any balance due by the due date?
- What civil penalties may be assessed by the Department against plan administrators who fail to file a timely annual report and who do not participate in the DFVCP?
