My boyfriend had 1300 takin from his taxes last year for owing the IRS like feb/march of last year they sent him saying he owed 170 more...since he has not paid it would anyone know of an estimate it might be now??Answer Question
Asked by Anonymous at 3:44 PM on Feb. 9, 2011 in Money & Work
Answer by SEEKEROFSHELLS at 4:00 PM on Feb. 9, 2011
Read the following:
"There is a penalty for late filing of 5% of the tax not paid by the due date for each month, or part of a month, that your return is late. Generally, the maximum penalty is 25%. But if your return is more than 60 days late, the minimum penalty is $100 or the balance of the tax due on your return, whichever is smaller."
Answer by musicmom08 at 4:03 PM on Feb. 9, 2011
Next question overall
How many hours a day do you devote to your kid(s) ?