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Apr 16, 2024 · 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 ...
Mar 19, 2024 · Individual tax filers, regardless of income, can use IRS Free File to electronically request an automatic tax-filing extension. Filing this form gives you until October 15 to file a return. If October 15 falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. Your return is considered filed on time if ...
Apr 19, 2023 · The IRS also reminds taxpayers who owed a refund that they don't receive a penalty for filing late. People shouldn't overlook filing a tax return. Every year, more than 1 million taxpayers overlook a tax refund; the IRS reminds those who didn't file in 2019 that time is running out to get any refund owed to them.
Apr 19, 2024 · Those who missed the deadline to file but owe taxes should file quickly to minimize penalties and interest. Taxpayers should keep in mind that payments are still due by the April 15 deadline, even if they requested an extension of time to file a tax return. An extension to file is not an extension to pay.
Apr 20, 2022 · Filing soon is very important because the late-filing and late-payment penalties and interest on unpaid taxes add up quickly. However, in some cases, a taxpayer filing after the deadline may qualify for penalty relief.
Apr 19, 2022 · IR-2022-91, April 19, 2022 — The IRS encourages taxpayers who missed Monday’s April 18 tax-filing deadline to file as soon as possible. While taxpayers due a refund receive no penalty for filing late, those who owe and missed the deadline without requesting an extension should file quickly to limit penalties and interest.
Apr 16, 2024 · The failure-to-pay penalty is 0.5% of your unpaid taxes for each full or partial month you don’t pay your tax bill—even if you’re just one or two days late. Like the failure-to-file penalty ...
