Get Form R 10606

R-10606 (1/21) Supplemental Worksheet for. Credit for Taxes Paid to Other States for Forms. IT-540 and IT-541.

For failure to file a return on time, a penalty of 5 percent of the tax accrues if the delay in filing is not more than 30 days. An additional 5 percent penalty accrues for each additional 30 days or fraction thereof during which the failure to file continues, not to exceed a total of 25 percent.

Underpayment Penalty Revised Statute 47:118 provides for a 12 percent penalty for underpayment of individual income tax. The penalty may be imposed if you did not pay enough estimated tax for the year or did not make estimated payments on time or in the required amount.

In case of any underpayment of estimated tax by a corporation, except as provided in Subsection D, there shall be added to the tax under this Part for the taxable year a penalty of twelve percent per annum upon the amount of the underpayment, determined under Subsection B, for the period of the underpayment as ...

A. UNDERPAYMENT PENALTY - Louisiana imposes an underpayment penalty on an individual's failure to sufficiently pay income tax throughout the year by withholding or declaration payments. If adequate tax was not paid in a period, you may owe a penalty of twelve percent per annum (12%) on the underpayment.

Most Requested Louisiana Tax Forms Please contact the Dept. of Revenue at 1-888-829-3071 to receive a form by mail or click here to request a form. Please note that if you choose to download and print a form at the State Library or at your library, you may be charged for the cost of printing.

Tax claims. The state has three years from December 31 of the year in which taxes are due in which to assess the tax, a limitation period set out in the 1974 Louisiana Constitution.

For failure to file a return on time, a penalty of 5 percent of the tax accrues if the delay in filing is not more than 30 days. An additional 5 percent penalty accrues for each additional 30 days or fraction thereof during which the failure to file continues, not to exceed a total of 25 percent.