(redirected from Late Payment Penalty)
LPPLow Pressure Pipe (soil absorption system)
LPPLate Positive Potential (neurology)
LPPLinear Programming Problem (mathematics)
LPPLocal Planning Policy (Australia)
LPPLocality Preserving Projection (algorithm)
LPPLand Pre Pit
LPPLines per Page
LPPLeadless Plastic Package
LPPLine Printer Plotter
LPPLinux Progress Patch
LPPLicensed Program Product
LPPLawrenceville Plasma Physics, Inc. (Middlesex, NJ)
LPPListe des Produits et Prestations (French: List of Products and Services)
LPPLodgepole Pine
LPPLegal Professional Privilege (document confidentiality protection)
LPPLegislation and Public Policy (various organizations)
LPPLease Purchase Program
LPPLast Purchase Price
LPPLegitimate Peripheral Participation (community of practice)
LPPLaser Produced Plasma
LPPLate Payment Penalty
LPPLeak Point Pressure
LPPLichen Planopilaris
LPPLey de Participación Popular (Spanish: Popular Participation Law; Bolivia)
LPPLarge Pistol Primer (firearms)
LPPLiberian People's Party (Liberia)
LPPLand Partnership Plan
LPPLa Pampilla (seaport code; Peru)
LPPLean Premixed Prevaporized (combustion)
LPPLjubljanski potniški promet (Slovenian Bus Company)
LPPLicensed Program Products
LPPLightweight Presentation Protocol
LPPLittle Patuxent Parkway (Columbia, MD)
LPPLength between Perpendiculars (maritime)
LPPLaboratoire de Physique des Plasmas (French: Plasma Physics Laboratory)
LPPLembaga Pertubuhan Peladang (Malaysian: Farmers' Organisation Authority)
LPPLow-Pass Prototype (microwave filter)
LPPLearning Promotion Potential (educational framework)
LPPLaboratory of Palaeobotany and Palynology
LPPLanguage Policy and Planning (linguistics)
LPPLeague for Pastoral Peoples and Endogenous Livestock Development (Germany)
LPPLatvijas Pirma Partija (Latvia's First Party)
LPPLaw of Popular Participation (Bolivia)
LPPLiberation Prison Project (San Francisco, CA)
LPPLink Peripheral Processor
LPPLonely Planet Publications (Berkeley, CA)
LPPLaboratory of Particle Physics
LPPLower Portland Posse (wakeboarding group)
LPPLocal Priority Policing (Victoria Police Force, Australia)
LPPLearning Project Plan (education)
LPPLottery Power Picks
LPPLoss Prevention Procedures (National Fire Protection Agency)
LPPLittoral Penetration Point
LPPLetter Processing Plant (Canada Post)
LPPLocal Protection Project (USACE)
LPPLearning Prototype Phase
LPPLogistics Plans Policies
LPPLaunch Prediction Point
LPPLine Plotter/Printer
LPPLiga Pro Patria (Spanish: Pro Patriot League; Guatemala)
LPPLittle Person Projectiles (band)
LPPLast Price Paid (purchase cost)
LPPLong Plenum Plug
LPPLow-Pass Prefiltering
LPPLarceny of Personal Property
LPPLow Profile Pallet
LPPLicensed Professional Planner (Nova Scotia, Canada)
LPPLocation Preference Program
LPPLimited Production Phase
LPPLoan Payment Plan (finance)
LPPLocation of Pressure Peak (engines)
LPPLegacy Proceedings Project (IEEE Computer Society)
LPPLinear Pair Postulate (mathematics)
References in periodicals archive ?
The late payment penalty is one-half of 1 percent per month.
But late payment penalty revenue has dropped in this area from pounds 2.
Interest will continue to run on the balance until it is paid in full, and there will be a late payment penalty.
6651 late payment penalty while a taxpayer is under an installment agreement.
Although the late filing penalty is limited to five months, the late payment penalty may run for an additional forty-five months beyond the first five months.
Observation: CPAs should be aware that for individual taxpayers who qualify for an automatic extension under IRC 6081, the late payment penalty can be avoided if the balance due on Form 1040 is less than 10% of the total tax and the balance due is remitted with the return.
However, if an affected taxpayer receives a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, the taxpayer should call the number on the notice to have the penalty abated.
The proposed rule attempted, among other things, to amend the FAR to provide the following: (1) that a proper invoice must include the contractor's taxpayer identification number (TIN) and must include, if required by agency procedures, electronic funds transfer (EFT) banking information; (2) that prompt late payment penalty interest requirements apply to interim payments made for separately priced contract line items that have been completed by a contractor and accepted by the government; (3) that prompt payment interest penalties do not apply to contract financing payments; and (4) that a contractor must notify the contracting officer when the contractor becomes aware that the government has overpaid it.
It is the Service's position that businesses required to use EFTPS, but which instead make deposits with a Federal tax deposit coupon at an authorized depository, will be subject to a 10% late payment penalty because the deposit will not have been made "in the manner required" by the Code.
Late payment penalty, the rate per calendar day of delay effected late to 0.