What is the penalty for late filing form 944?
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Last modified 11/17/2023 3:15:14 AM EST |
Added by TaxBandits Team
Applicable To
94X
1099
W-2
ACA
W-4
Failure to file IRS Form 944 by the deadline will result in a 5% penalty on the tax owed for each month the Form 944 return is late (this penalty caps at 25%). When you pay late or do not pay the full amount owed, you will be charged 2-15% of the unpaid tax, determined by the number of days the amount remains unpaid.
Click here to learn more about 944 penalties.