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

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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: 2 months ago.Category: Tax
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Answered in 2 minutes by:
12/13/2017
Tax Professional: Barbara, Enrolled Agent replied 2 months ago
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,759
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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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

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Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,759
4,759 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

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