§ 78708 Late Payment Penalties

• •If you don't file your taxes or pay what you owe on time, you'll have to pay extra money as a penalty.
• •The penalty is 10% of the total amount you owe.
• •You also have to pay 1.5% interest every month on the amount you haven't paid yet.

You owe $1,000 in taxes but forget to pay on time.

You'll have to pay a $100 penalty (10% of $1,000) plus 1.5% interest every month on the $1,000 until you pay it.