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u.s. Taxpayer Alert: Not Submitting Key Form to the Irs Before April 15th Can Generate Fines of 5% per Month, up to 25%
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The Internal Revenue Service (IRS) has issued a warning to taxpayers in the United States about the importance of submitting Form 1040, along with all revenue and deduction vouchers, before April 15, 2026. Failure to comply can result in fines of 5% per month, which accumulate to a maximum of 25% of the tax due. This penalty is applied progressively, which means that the delay in the presentation of taxes entails an increase in the penalty.
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