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
At first glance, there might not seem to be any good excuses for filing your taxes late. After all, most taxpayers know quite well when their tax returns are due, and the timeline typically gives you several months to gather all of the necessary documents and then do the work to prepare ...
It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol' blog’s monthly tips and reminders a little farther down this column...
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...
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. ...
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...
April 11, 2024CA Preeti Punihani (Ex-employee)Income Tax News and Articles, Taxes in India 5 Minutes Read Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date and if the person fails or misses the due date then...
What is the penalty for filing taxes late? Tax Day: Tax Day is the term used to describe the final date that federal income tax returns are due to be filed in the United States. Tax Day most commonly falls on April 15th, although weekends can affect the date in some years. ...
Making mistakes on your tax return can cost you money. You may miss out on alarger refundthan you claimed or wind up owing more taxes plus interest and penalties. You could invite anauditfrom theInternal Revenue Service (IRS). The best defense against results like these is a good offense:...