The penalty for failure to file an estate or trust
return by the due date is 5 percent of the tax per month with
a minimum of $5.00 and a maximum of 25 percent of the tax. The
penalty for failure to pay the tax by the due date is 10 percent
of the tax with a minimum penalty of $5.00.
Other penalties for fraud, negligence, and criminal penalties
for willful failure to comply with the income tax laws are similar
to those applicable to individuals.
Last modified on:
10/31/07 03:53:07 PM