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Old 04-24-2009, 10:30 AM
jenniferjp41
 
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interest and penalty on taxes

Hi. We are sole proprietor and we filed our 2008 taxes and we owe $2300 in federal taxes. What is the interest and penalty rate. All i can find is (I believe) 4% for this quarter. Does that mean 4% annually or 16% annually? Thanks. ~~Jennifer



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