What happens if im late filing taxes

And you can always apply for a payment plan with the IRS to resolve your tax debt. If you're owed a refund and file late there are no penalties, but you should still file as soon as you can so the IRS doesn't keep your money. If you won't have time to file your taxes today, you can file for an extension.

Anyone can use Free File to electronically request a tax-filing extension, which would give you until October 15, , to file your return, according to the IRS. That's the same extended filing deadline as prior years.

This publication is not intended as legal or tax advice. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor. But what happens if you file taxes a day late? Here's what to know. The security may be in the form of a bond, notice of lien, mortgage or other means, depending upon individual circumstances.

There are times when extensions are granted especially due to federally declared disasters. Remember, with TurboTax , we'll ask you simple questions about your life and help you fill out all the right tax forms. Whether you have a simple or complex tax situation, we've got you covered. Feel confident doing your own taxes. Just answer simple questions about your life, and TurboTax Free Edition will take care of the rest. For Simple Tax Returns Only. Filing an Income Tax Extension.

Need More Tax Time? File a Tax Extension. Tax Tips After January 1, Is Social Security Disability Taxable? Estimate your tax refund and where you stand Get started.

See if you qualify for a third stimulus check and how much you can expect Get started. Easily calculate your tax rate to make smart financial decisions Get started. Estimate your self-employment tax and eliminate any surprises Get started. Know what dependents credits and deductions you can claim Get started.

Know what tax documents you'll need upfront Get started. Learn what education credits and deductions you qualify for and claim them on your tax return Get started. The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Skip To Main Content. The federal tax return filing deadline for tax year was April 18, If you missed the deadline and did not file for an extension, it's very important to file your taxes as soon as possible.

Why file for an extension? Filing for the extension wipes out the penalty. Ok, that might not seem like great news. Read more about exactly how those penalties are calculated. Generally, the IRS charges them on a monthly basis, but they can be prorated for a portion of a month. So there is a simple solution: Get that tax return filed and make it a priority now.

Learn more about how to file back tax returns and how to reduce penalties and interest if you qualify. Get help from a trusted IRS expert.