Reply To: 2nd Stimulus Check and Late Tax Filing

Home Fairmark Forum Other Tax Topics 2nd Stimulus Check and Late Tax Filing Reply To: 2nd Stimulus Check and Late Tax Filing

#7962
kaneohe
Participant

I am not sure of what the real situation is. The quote below is more typical of what I have seen. Due to the uncertainty you need to weigh
your possible gain vs the loss if you and I are wrong.

“If you file more than 60 days after the due date, the minimum penalty is $435 (for tax returns required to be filed in 2020) or 100% of your unpaid tax, whichever is less”