IRS Penalty Calculator | Jeffrey Elam, EA | IRS Enrolled Agent

IRS Penalty & Interest Calculator | JefScot Tax

1Tax Return Information

Tax Year The year the return was due

Tax Owed (before payments) Total tax on line 24 of your 1040

Payments Already Made Withholding + estimated payments

Date Return Was (or will be) Filed Leave today's date if not yet filed

2Select Applicable Penalties

Failure to File (FTF)

5% of unpaid tax per month, up to 25% maximum. Applies when the return is filed after the due date without an extension.

5%/mo · max 25%

Failure to Pay (FTP)

0.5% of unpaid tax per month, up to 25% maximum. Runs from the original due date until the balance is paid.

0.5%/mo · max 25%

Accuracy-Related Penalty

20% of underpayment due to negligence or substantial understatement of tax. Applied when the IRS audits and finds unreported income or inflated deductions.

20% flat

Civil Fraud Penalty

75% of underpayment — only applies when the IRS determines an underpayment was due to fraud. Rare, but included for completeness.

75% flat

IRS Interest

Currently 7% annually (compounded daily) on unpaid tax and penalties. Runs from the original due date until fully paid.

7% annual

Your Estimated IRS Balance

Component	Basis	Rate / Rule	Amount

Penalties can often be reduced or eliminated. As an IRS Enrolled Agent, Jeffrey Scott can request penalty abatement using First Time Abatement or Reasonable Cause — often saving clients thousands of dollars.

This calculator provides estimates only based on standard IRS penalty and interest rates. Actual amounts may vary based on your specific circumstances, IRS adjustments, extensions, and applicable exceptions. IRS interest rates are set quarterly — this calculator uses the current rate of 7% annually. Always verify results against official IRS notices.
Contact Jeffrey Scott, EA for representation, penalty abatement, and official resolution.