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Why Over 1 Million Canadians file their taxes late every yearNeel Roberts
If you owe taxes and you didn't file, or filed late, the IRS may apply a penalty known as the late-filing penalty or the failure-to-file penalty. The penalty is usually 5% of the tax owed for each month or part of a month the return is late, up to 25% of your bill [1]. ...
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The IRS levies a failure-to-file penalty, as well as a late-payment penalty— and it charges interest. If you're due a refund, you won't necessarily get penalized, but you still must file if you have an obligation to do so. 3. Understand how your taxes are determined The government...
Begin by creating an account. Then choose the tax year you want to file. You can catch up on your late (2023) taxes with us! Have more than one year to file? Pick the oldest to start then move on to the next after you have prepared your first tax year. ...