REG – Penalties

CPA Exam Forum The Forum FAR Review REG – Penalties

This topic contains 1 reply, has 1 voice, and was last updated by  Soproudofmyself 4 years, 6 months ago.

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  • #165827

    Soproudofmyself
    Participant

    What’s the penalty for failure to make estimated income tax payments? My book doesn’t specify the fee…

    #322335

    Soproudofmyself
    Participant

    Another question…

    Failure to file penalty – it says it’s 5% of the “amount of tax due” for each month the return is not filed. What if you don’t file your taxes and your withholdings were enough to cover your tax liability? What would they base the 5% on?

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