Irs form 1040 free download5/31/2023 ![]() You may sometimes face criminal penalties, such as a fine and/or jail time. You may also be liable for accuracy-related penalties, which are a percentage of the amount of taxes due and can range from 20% to 75%. ![]() The IRS may charge you a late filing penalty if you fail to submit the form promptly. You may face penalties if you mistake or provide false information on your 1040 form. Possible Penalties for Failing the Form or Providing Fake Data
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