| The taxpayer will have to pay a failure to pay penalty when __________. |
| The taxpayer will have to pay a failure to pay penalty when __________. |
| The taxpayer will have to pay a failure to pay penalty when __________. |
The correct phrase is \'you are paying your taxes late\'
The failure-to-pay penalty current stands 0.5 percent per month and the same is computed on the amount of unpaid taxes.The penalty is applicable each month or towards that part of a month in which your taxes remain unpaid. It then starts accruing the day after taxes are due. The rate can be increased upto 25 percent on the unpaid taxes.
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