Michigan Income Tax: Penalty Charges For Failure To File Or Pay
For Notices of Intent to Assess/Assessments issued on or before February 28, 2003:
A penalty of $10.00 or 5 percent of the tax, whichever is greater, shall be added if the failure is for not more than 1 month, with an additional 5 percent penalty for each additional month or fraction of a month during which the failure continues or the tax and penalty is not paid, to a maximum of 50 percent.
For Notices of Intent to Assess/Assessments issued after February 28, 2003:
A penalty of 5 percent of the tax shall be added if the failure is for not more than 2 months, with an additional 5 percent penalty for each additional month or fraction of a month during which the failure continues or the tax and penalty is not paid, to a maximum of 25 percent
Michigan Treasury
For Notices of Intent to Assess/Assessments issued on or before February 28, 2003:
A penalty of $10.00 or 5 percent of the tax, whichever is greater, shall be added if the failure is for not more than 1 month, with an additional 5 percent penalty for each additional month or fraction of a month during which the failure continues or the tax and penalty is not paid, to a maximum of 50 percent.
For Notices of Intent to Assess/Assessments issued after February 28, 2003:
A penalty of 5 percent of the tax shall be added if the failure is for not more than 2 months, with an additional 5 percent penalty for each additional month or fraction of a month during which the failure continues or the tax and penalty is not paid, to a maximum of 25 percent
Michigan Treasury
posted by Milt Baker CPA | 1:08 PM
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