failure-to-file penalty
Definition
Paid to the IRS by individuals who do not file their tax return before the due date. The failure-to-file penalty is calculated from the tax filing due date through the date you filed the return, with a 5% penalty imposed for each month the return is late. The maximum penalty is 25%.
Related Articles
- Treasury Bonds *
- Advanced Bond Concepts *
- Deciding Whether Your Nest Egg is Big Enough *
- Life Insurance: Types of Policies and Provisions *
- Consumption vs Income Tax *
- An Explanation of the Various Facets of a 401(k) Plan *
- Forex: Scalping Strategy *
- Categories of Stocks *
Related Videos
http://www.businessdictionary.com/definition/failure-to-file-penalty.html
