Penalties and Interest for Businesses
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.