Form 1041 Late Filing Penalty - The penalty is generally calculated at five percent of the tax liability for each month the return is filed late, up to a maximum of 25. A penalty may be assessed for 5% of the tax due for each month (or part of a month) for which form. Form 1041 late filing penalty. You are now eligible for penalty relief under the administrative waiver and don't need to take any action.
You are now eligible for penalty relief under the administrative waiver and don't need to take any action. Form 1041 late filing penalty. A penalty may be assessed for 5% of the tax due for each month (or part of a month) for which form. The penalty is generally calculated at five percent of the tax liability for each month the return is filed late, up to a maximum of 25.