Section 921 of Public Law 114-125 increased the minimum late filing penalty for
certain returns filed more than 60 days late. In this circumstance, the minimum
penalty has increased from $135 to $205 or the amount of tax owed, whichever
The increase applies to returns required to be filed after December 31, 2015, and
is effective immediately.
This information relates to the following forms and publications.
Form 990-T, Form1040, Form 1040A, Form 1040NR, Form 1040NR-EZ, Form 1040-SS,
Form 1041, Form 1041-N, Form 1041-QFT, Form 1065-B, Form 1066, Form 1120,
Form 1120-C, Form 1120-H, Form 1120-POL, Form 1120-ND, Form 1120-REIT,
Form 1120-RIC, Form 1120S, Form 1120-SF, Form 2350, Form 2438, Form 4686,
Form 8612, Form 8613, Pub. 17, Pub. 519 and, Pub. 542.