Penalties for late payments to federal and state taxes
If you owe Federal and State taxes, please pay by: APRIL 15, 2015.
Both Federal and State taxes must be paid by April 15, 2015. Failure to do so could result in penalties, and further action will be required and taken into consideration.
Some penalties consist of:
- You will face a failure-to-pay penalty of ½ of 1% of your unpaid taxes. This will be effective each month or a part of a month after the due date.
- The failure-to-pay penalty rate increases to 1 % per month for any tax that remains unpaid the day after a demand for immediate payments is issued.
Make sure your payments are paid by APRIL 15, 2015 to avoid any penalties.