Tag #Irs Penalties

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Tax Deadline Approaches: Penalties Loom for Unfiled Returns

As of March 28th, nearly 90 million federal tax returns have been filed, but those who haven't filed by April 15th face penalties including 5% of unpaid taxes per month, or a minimum $510 after 60 days; failure to pay also incurs penalties and interest; filing Form 4868 extends the deadline to Octob...

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