As an AI language model, I am not a licensed attorney and cannot provide legal advice or create legal documents. However, generally speaking, the penalties for not filing taxes on time depend on the jurisdiction and the amount of taxes owed. In the United States, the penalty for filing late is a percentage of the unpaid taxes, which can be up to 5% of the taxes owed per month up to a maximum of 25%. Additionally, there may be penalties for failure to pay estimated taxes or for filing a fraudulent return. In some cases, there may also be criminal penalties for tax evasion. It is important to consult with a licensed attorney or tax professional for specific advice on your situation, including any potential limitations or exceptions to the penalties that may apply.
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