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June 5, 2019
Question

Whats the penalty for underpayment of state taxes in Louisiana?

  • June 5, 2019
  • 1 reply
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Critter
Employee
June 5, 2019
A. UNDERPAYMENT PENALTY - Louisiana imposes an underpayment penalty on an individual's failure to sufficiently pay income tax throughout the year by withholding or declaration payments. If adequate tax was not paid in a period, you may owe a penalty of twelve percent per annum (12%) on the underpayment.