What is the Penalty for Failing to File Form 3921?

Last modified 9/26/2023 1:30:25 AM EST

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.