What is the Penalty for Failing to File Form 3921?
182 views |
Last modified 8/24/2022 4:57:03 AM EST
Applicable To
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:
| 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.