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Late Form 945 penalty?


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2 replies to this topic

#1 The Pension Kid

The Pension Kid

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Posted 16 February 2006 - 12:35 PM

I cannot find what the penalty is for filing Form 945 late. The tax payments are not late, just the timing of filing the form. The IRS directed me to page 24 of Pub. 15, but that not only deals with Form 941, but also deals with tax due (which in this case there aren't any).

Does anyone know the penalty for filing Form 945 late (after Feb 10)?

Thank you in advance for any and all assistance you may be able to give me.

#2 WDIK

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Posted 16 February 2006 - 12:59 PM

I believe that Form 945 and Form 941 filings are treated similarly.
...but then again, What Do I Know?

#3 Bird

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Posted 16 February 2006 - 01:01 PM

I think the 945 is considered a variety of the 941, and that's why they referred you to the 941 penalties section. I think you're right, it only applies if the tax being paid late, so they're aren't any penalties.