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1040 for Individual Taxpayers

FORM: 1040

DUE DATE: 15-Apr
WHO IT APPLIES TO: Individal Taxpayers - US Persons

PENALTIES: The late filing penalty is 5% of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25%. If you file more than 60 days after the due date, the minimum penalty is $135 or 100% of your unpaid tax, whichever is smaller.

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