Penalty For Not Filing Form 8843

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What is penalty for not filing form 8843?

Failing to file form 8843 can result in significant penalties imposed by the Internal Revenue Service (IRS). The penalty for not filing this form can be as high as $1,000 for each year the form is not submitted. This penalty can quickly add up if multiple years of non-compliance are discovered.

What are the types of penalty for not filing form 8843?

The penalties for not filing form 8843 include both monetary fines and potential legal consequences. The IRS can impose a penalty of $1,000 for each year the form is not filed. Additionally, there may be interest charges on the unpaid taxes. In some cases, the failure to file form 8843 can also result in legal action, potentially leading to criminal charges.

Monetary fines of up to $1,000 per year

Interest charges on unpaid taxes

Potential legal consequences and criminal charges

How to complete penalty for not filing form 8843

To avoid the penalty for not filing form 8843, follow these steps:

Gather all necessary information and documents related to your nonresident status

Complete form 8843 accurately and thoroughly

Submit the form to the appropriate authority within the designated deadline

Remember, it is crucial to meet all filing requirements and deadlines to avoid any penalties. If you need assistance with creating, editing, and sharing your documents online, pdfFiller provides a convenient platform. With unlimited fillable templates and powerful editing tools, pdfFiller is your go-to PDF editor to help you get your documents done efficiently and effectively.

Video Tutorial How to Fill Out penalty for not filing form 8843

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