Is There A Penalty For Not Filing On Time?

Reports and/or taxes that are not submitted on time are subject to penalty and interest. The interest rate is 1.5 percent of the tax due per month or fraction thereof, until paid. The penalty is 10 percent of the tax due, but not less than $100. Employers who pay their D.C. unemployment taxes on time receive a tax credit of 90 percent of their federal unemployment tax. Failure to pay D.C. unemployment taxes on a timely basis will reduce the tax credit and result in a higher tax obligation to the Internal Revenue Service.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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