Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Is late fee and interest on my statement included in total…

Customer Question
Is late fee and...

Is late fee and interest on my statement included in total amount/balance as of 12/6/2017 of $726.47 or is total of late fee and interest accumulated to be paid separately.

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

My statement I just received states amount I owe $726.47 penalty $64.59 and interest charges $101.73. are the two amounts included in the balance of $726.47 or accumulate and I pay that also.

Accountant's Assistant: Is there anything else the Accountant should be aware of?

My final balance is what I have on my statement , what about the penalty fee and the interest charges as I indicated above included in the $726.47 total that I owe?

Submitted: 7 months ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
12/13/2017
Tax Professional: Barbara, Enrolled Agent replied 7 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,385
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

If the statement shows the total amount you owe is $726.47, the penalty and interest amounts are included.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,385
6,385 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
How much do I owe to the CA FTB for not filing form 568 for
How much do I owe to the CA FTB for not filing form 568 for the years 2015, 2016, and 2017? Thanks… read more
Barbara
Barbara
Enrolled Agent
6,385 satisfied customers
I have a tax questoin, My business just filed three tax
My business just filed three tax forms late. The first one is the Form 940 for Q2 of 2017 was due in July but I just filed it with the IRS today. I already paid the amount, but have not paid late fees. How do I calculate those late fees and how do I submit payment? … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
Trying to finishe up my tax return and I can't figure out
Trying to finishe up my tax return and I can't figure out where to enter two tax payments I made last year-- I paid quarterly tax payments and entered those, but I have two other payments I can't figu… read more
Brian Michels
Brian Michels
Partner, CPA
Bachelors of Business Administration
199 satisfied customers
About The interest rate per month vs per year on unpaid
I'm Confused about The interest rate per month vs per year on unpaid taxes to the IRS and the franchise tax board for balance due on my 2015 taxes. Can I ask some specific questions from someone who i… read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,328 satisfied customers
I am reviewing past years account transcripts. I have a
I am reviewing past years account transcripts. I have a client who owed a net total of 6345 for 2005 on filing date.. In looking over his statement of account added charges are: 04/02/07 $1428 payment… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I am aware there is a penalty to file, failure to pay and
I am aware there is a penalty for failure to file, failure to pay and failure to deposit taxes for 941's. Is there a combined maximum penalty that the IRS can charge?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
I have an installment plan with the irs. For round numbers,
I have an installment plan with the irs. For round numbers, let's use 47,000 as the starting balance owed and a monthly payment agreement of 700. I have been told that it will be paid off in 72 months… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I have a Federal Tax Lien for the Tax Periods ending 12/31/2002
I have a Federal Tax Lien for the Tax Periods ending 12/31/2002 and 12/31/2003 with Dates of Assessment of 2/28/2005 and 11/14/2005 with unpaid balances of $9,562.99 and $3026.99 for a lien total of $… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I did an extension for my federal taxes 1040. I want to mail
I did an extension for my federal taxes 1040. I want to mail my 2011 tax return in with the balance owing before 8/15/12. I live in Manhattan, where do I mail it, and on the $540 I owe, how do I calcu… read more
Phillip Bell, EA
Phillip Bell, EA
Tax Advisor
Bachelor's Degree
191 satisfied customers
Hello I have a question on the following. This is in reference
Hello I have a question on the following. This is in reference to a tax lien in the state of Ohio. I would like to know: These are all related questions but I attempted to break them out. My single qu… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I owe taxes on my federal return, but do not have sufficient
I owe taxes on my federal return, but do not have sufficient funds to pay taxes due. Can I submit my return without including a payment? Is there a form I need to include when submitting my return thi… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If someone (a) underpaid 2009 estimated taxes by not paying
If someone (a) underpaid 2009 estimated taxes by not paying 4th quarter; (b) failed to file 2009 return; (c) owes quarterly estimates for first 3 quarters of 2010, what is the best way to get right wi… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
If the penalty and interest for late filing and payment of
If the penalty and interest for late filing and payment of Virginia State Income tax is a max of 30% (What I read on the website), Would a liability of $540.00 from 2006 be $864.00 after P & I? Am I u… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
My brother in Reno, NV owes the IRS from previous years, and
My brother in Reno, NV owes the IRS from previous years, and has procrastinated in a big way this year by not filing yet. What kind of penalty fees might he be building up for being so late?… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
what is the tax and penalty for some one who hasnt filed ...
what is the tax and penalty for some one who hasnt filed for 2005, 2006 and 2007. He is single with about 35000/yr income. no deductions. state of virginia.… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
I,M TRYING TO FILE MY STATE INCOME TAX WHAT LINK DO I GO ...
I,M TRYING TO FILE MY STATE INCOME TAX WHAT LINK DO I GO TO AND WHAT PENATIES APPLY IF REAL LATE… read more
Paul Taliefero
Paul Taliefero
Enrolled Agent
Bachelor Degree
110 satisfied customers
how long after a late filing fee assessment is charged can
how long after a late filing fee assessment is charged can one appeal to the irs? Optional Information: boston, Massachusetts Already Tried: I paid the assessment for 2002 and 2003 late filing. My mot… read more
Christopher Phelps
Christopher Phelps
Sole Practitioner
Master Degree
1,180 satisfied customers
hello. I owe Federal back taxes for years 1999 and 2000. I ...
hello. I owe Federal back taxes for years 1999 and 2000. I have an installment agreement to pay $260/month. Last month i sent a check for $260 and I also sent another check for $50. I explained that I… read more
Tammy F.
Tammy F.
Freelance Writer and Editor, Animal Resc
4,438 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x