1. whats the penalty for late filing?\n2. what happens if you file 60+ days after the due date for…

Brief Explanations:

1. The penalty for late - filing of taxes typically includes a percentage - based failure - to - file penalty, often a certain percentage of the unpaid tax per month or part of a month that the return is late, up to a maximum.
2. If you file 60 or more days after the due date for taxes, the minimum failure - to - file penalty is usually a set amount (e.g., in the U.S., it may be a minimum amount like $435 or 100% of the unpaid tax, whichever is less, as of some years). There may also be continued accrual of interest on the unpaid tax amount.
3. If the government suspects you didn't file to avoid paying taxes, it may conduct an audit. Penalties can include additional taxes, interest, and substantial civil or even criminal penalties depending on the severity and evidence of intent to evade.

Answer:

1. Usually a percentage - based failure - to - file penalty of unpaid tax per time period.
2. Minimum set penalty amount and continued interest accrual on unpaid tax.
3. Audit, possible additional taxes, interest, and civil or criminal penalties.