The Failure-to-Pay Penalty is a punitive financial charge imposed by tax authorities on individuals or entities that do not pay their tax liabilities by the designated due date.
An in-depth examination of the underpayment penalty, a fine imposed for not paying enough tax through withholding and estimated tax payments.
Comprehensive understanding of Delinquent Return for tax purposes, penalties involved, historical context, and comparisons with related terms.
Learn what a tax underpayment penalty is, see examples, and discover strategies to avoid this IRS fee for not paying enough of your total tax liability during the year.
