What happens if you file your taxes late? The IRS filing deadline is April 15, but you can request an extension if you can't file on time. Requesting an extension helps you avoid late filing penalties, but you still have to pay any taxes you owe on time
Filing taxes late can carry stiff penaltiesANTONIO GILB
The Penalty for Filing Taxes Late The penalty for filing your tax return late is steeper at 5% of your unpaid taxes as of thefiling date. The 5% penalty is applied each month or part of a month that your return is late, but it will never exceed 25% of your unpaid taxes. The clock ...
Regardless of the reason for filing your taxes late, you'll eventually need to face the consequences. Below, we'll go into more detail about the facts of late filing and what happens next. When is my tax filing officially late? Every year, theIRS sets the tax-filing deadline. For most...
Indiana residents are required to file and pay income taxes each and every year. If you fail to file your taxes or make payments, you are subject to penalties and interest payments on the taxes owed. The penalties on late filing and paying can be rather harsh, although extensions can give...
Don't Mess With Taxes. Submit Subscribe: E-mail, RSS or both! Enter your Email Powered by FeedBlitz RSS Affiliate Books The TruthAbout Paying Fewer Taxes Are you a tax geek? Got tax geek friends? Do you or they just want to make sure you don't overpay the IRS? Then my book, ...
The notice you receive will likely include interest on taxes due from the due date of the return to 30 days from the date on the notice. Penalties, if any, may or may not be included in the notice. Interest will continue to accrue until the amount owed is paid in full. ...
When it comes to taxes, even a small error can lead to big problems. Learn which details to look out for when preparing your returns.
Log into our secure system and file late taxes today. Maximum Refund Guarantee Plenty of leading sites offer an accuracy guarantee... We take it one step further. In the unlikely event that another 2015 tax software increases your refund, we will refund your money and give you an additional...
information you’re reporting. Say you contributed $5,200 to yourindividual retirement account (IRA)but you inadvertently entered $2,500 as the deduction on your return. You've cheated yourself out of a $2,700 deduction that will cost you $648 more in taxes if you’re in the 24% tax ...