Penalties

The penalty for failure to file an estate or trust return by the due date is 5 percent of the tax per month with a minimum of $5.00 and a maximum of 25 percent of the tax. The penalty for failure to pay the tax by the due date is 10 percent of the tax with a minimum penalty of $5.00.

Other penalties for fraud, negligence, and criminal penalties for willful failure to comply with the income tax laws are similar to those applicable to individuals.