TaxBandits Knowledge Base

What is the penalty for late filing form 944?

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.