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Can the IRS impose penalties if a return is not filed/tax not paid?

Posted on February 16, 2016March 16, 2022 By Mike Butler

Yes, the IRS can impose penalties if a tax return is not timely filed or if a tax liability is not timely paid. As with all IRS penalties, the rules are complex. However, a taxpayer may avoid a penalty if he or she shows reasonable cause.

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