What is the Penalty for Failing to File Form 3921?
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Last modified 8/24/2022 4:57:03 AM EST
94X 1099 W-2 ACA W-4
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:
|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.