Section 49 Additions to Tax and Penalties

• Library: Tax Law 2009

Under §§ 143.741, 143.751, and 143.761, RSMo 2000, amounts are added to the tax for late filing of returns, underpayment of tax, and underpayment of estimated tax, respectively. These added amounts are generally referred to as “additions” by MoDOR. Other amounts that may be assessed under these sections are referred to as “penalties.”

In the case of failure to timely file a return, MoDOR may assess additions to tax in the amount of 5% of the tax due for each month or portion of the month that the return is...