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Remission of Late Payment Penalty Form Cuyahoga County 2015

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if you've received an IRS notice in the mail showing that you owe tax penalties or interest you can often have those amounts removed waved or forgiven and I want to show you how to do that first let's talk about how taxpayers get into trouble it comes mainly from failing to file your income tax return on time or failing to pay the tax due on time or both now any penalties or interest are usually based on the amount of tax owed so if you don't owe any tax or you're getting a refund then there typically aren't any pen penties if you file your tax return late but if you do owe tax one thing people don't realize is that penalties for failing to file your tax return are more severe than penalties for failing to pay the penalty for individuals who file their tax return late is 5% of the unpaid tax per month up to 25% so if you owe $3,000 but you don't file an extension and you file 5 months late that's 5% of the $3,000 times 5 m

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