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Penalties and Interest for Businesses

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Filing and paying your taxes late costs you money. Use the following information to avoid costly penalties and interest.

Note: You may ask us to cancel or reduce penalties, additional tax charges, and interest for late filing or payment if you have a reasonable cause or are negatively affected by the COVID-19 pandemic. For details, see Penalty Abatement for Businesses.

You should pay your tax by the due date unless you are financially unable to make the payment.

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