Results 1 to 3 of 3
  1. #1
    Join Date
    Apr 2012

    Default City Tax Penalties

    What is the maximum percentage that a city can penalize a company for a late tax payment. Example: If $1000 was due in a given year and the payment was late, can the city penalize the company 100% or $1000, so now the company would owe $2000? That seems extreme.

  2. #2
    Join Date
    Feb 2010
    CT & IL

    Default Re: City Tax Penalties

    There is only the % per year ... it can add up to a million % of the "principle" over enough time

  3. #3
    Join Date
    Sep 2005
    Behind a Desk

    Default Re: City Tax Penalties

    Laws vary by state and country, and penalties may vary by the nature of the tax under discussion. Also, penalties, interest and late fees can add up quickly.

    1. Sponsored Links

Similar Threads

  1. Got Cited on Freeway by City Cop Out of City Limits
    By edjusted in forum Moving Violations, Parking and Traffic Tickets
    Replies: 5
    Last Post: 04-20-2011, 01:52 PM
  2. Speeding Tickets: Out-Of-City Cops put Wrong City on Ticket
    By gr_cl in forum Moving Violations, Parking and Traffic Tickets
    Replies: 1
    Last Post: 05-30-2010, 03:43 AM
  3. Marriage: Any Penalties when I-485 is Denied
    By supremacy in forum Visas for Business, Tourism and Family
    Replies: 3
    Last Post: 05-27-2009, 05:41 PM
  4. Tax Penalties
    By overthismess in forum Tax Law
    Replies: 4
    Last Post: 05-06-2009, 04:39 PM
  5. Arrest Warrants: Incident Occurred in One City but Different City Issued Warrant
    By in forum Criminal Procedure
    Replies: 8
    Last Post: 09-25-2008, 02:46 AM
Sponsored Links

Legal Help, Information and Resources

Forum Sponsor
Free Tax Forms
Download free federal tax forms.