Penalties and interest will dramatically increase what you owe the IRS or state taxing authorities. The longer you wait to file and pay, the more overwhelming the situation can become. To start, we’ll need to collect some basic information below.

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* Disclaimer:
The purpose of this tool is to illustrate the way in which penalty and interest can significantly increase a liability. The result should not be misconstrued as a payoff to the IRS or state taxing authorities. This tool assumes that the return was not filed within five months of the due date (including extensions), that no payments were made after filing, and that any required deposits were not made timely.