Hello, today for Harbor Financial Online, I'm going to be talking about penalties and interest that the IRS charges on your return if it's late. We're getting some questions about this since we have the filing deadline coming up. For those of you that have extended your return, the deadline, as you know, is going to be October 15th. So I just wanted to go over how the IRS determines those penalties and interest, and if they apply to you. First of all, if you're filing your return late and you're expecting a refund, you don't have to worry about penalties and interest. A lot of people get this confused and automatically think if they're filing a return and it's late, they're gonna get penalties and interest. Only if you owe an amount to the IRS, they will charge five percent of whatever you owe each month. But they will only do that up to five months, so that's something to keep in mind. They can also charge a $100 fee penalty or the amount of tax that is owed, whichever is lesser if you are 60 or more than 60 days late in filing your return. Normally, if you owe tax, it's gonna be more than $60, so you can expect that $100 penalty. They also apply the 5% each month. So they have leeway in how they're going to apply penalties. From personal experience filing returns for individuals when I worked for the big four, we would leave the penalties and interest blank and file the return. Then we would let the IRS determine the penalties and interest because sometimes by estimating, you're gonna pay more than what they would have charged you. So you wait for the statement to come back from the IRS to see if they're even...