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How can I be assessed a penalty if I pay the tax by the due date?

 
 
Answer #742 -- ( Published 08/26/2008 08:45 AM | Updated 08/08/2012 10:01 AM )

How can I be assessed a penalty on my IL-1040 if I pay the tax by the due date?

You may owe a late-payment penalty if you were required to make estimated payments and failed to do so, or failed to pay the required amount by the payment due date.

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