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Video instructions and help with filling out and completing Fill Form 8453 S Penalties

Instructions and Help about Fill Form 8453 S Penalties

Hello there welcome to Talk tax I'm your host nakisha Costello Music we have been urging you guys to submit those returns before the due date in case you didn't know the due date was extended to me seven for 2023 May 2nd is the due date for the filing of your tax returns of course you need to remember that the statutory deadline is April 30th whoever this year the Guyana Revenue Authority made an exception into to me first being a holiday and extended it so you had no excuses to miss the deadline really Jean is it that serious if you fail to submit your income tax property tax corporation tax or capital gains tax returns by the due date guess what it attracts a penalty I know you don't like to hear about this stuff but if you had only listened to us at the beginning you would not have to worry about paying any penalties to the GRE would you no okay as of this year the late submission of tax returns attracts the penalty of 10% of the tax assessed we're a team and notice was issued for example if $50,000 was deducted from your salary for income tax for the previous year and you have not submitted your tax return by the due date then you're a penalty would be $5,000 you know how many things you can buy with $5,000 there's food clothes pay some bills come on we warned you not only is there penalty if you submitted your returns late there is also penalty if you paid your taxes late more after this short break are you the holder of a valid driver's license then by now you should be aware that you can renew your license three months before...