Below are explanations of the possible penalties for each tax type. Penalties vary by tax type, and the rate of the penalty is set by law. Multiple different penalties may be assessed simultaneously. The Department may assess penalties for several reasons, such as late filing, late payment, or otherwise not complying with tax requirements. Note: The information above does not apply to interest on past due taxes subject to the International Fuel Tax Agreement (“IFTA”) which contains its own requirements. Unless otherwise provided by statute or regulation, interest on refunds accrues from the date of payment of the tax. Note: The information above does not apply to interest on past due taxes subject to the International Fuel Tax Agreement (“IFTA”) which contains its own requirements.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |