What is the Penalty for Failing to File Form 3921?
179 views | Last modified 9/26/2023 1:31:04 AM EST | Added by TaxBandits Team

If you fail to file a paper copy of Form 3921 (February 28) or e-file as required (March 31), you are likely to be penalized by the IRS. 

Below are the penalty rates for 3921:

Time Limit Minimum Maximum
Filed within 30 days $50 $571,000 per year
After 30 days and before August 1 $110 $3,426,000 per year
After August 1 $280 $3,426,000 per year

 

To avoid penalties, you can easily e-file Form 3921 with TaxBandits before the deadline.

 

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