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What Happens if You Miss the Tax Deadline?

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Tax Day is right around the corner, and if you have already filed your taxes, that means you can relax – tax season is over until next year! But if you didn’t file your taxes or didn’t file a tax extension, then this article is for you! Let’s take a look at what happens if you missed the tax deadline, how you can file an extension, what happens when you don’t file your taxes and you owe money (penalties and fees!), and available options if you can’t pay your taxes.

Avoid Missing the Tax Deadline if Possible

What Happens if You Miss the Tax Deadline?

Missed tax deadline? File immediately to avoid penalties and fees!

Let’s start with the most common situation, and the easiest to avoid – missing the deadline to file taxes. There are many reasons you may not be ready to file your taxes yet – including waiting on forms or financial information, big life events, travel, etc. The reason doesn’t matter too much, as long as you take action. If you think you might miss the tax deadline, then you should immediately file for a tax extension. It’s free and easy.

How to file for a tax deadline extension. Everyone is eligible for an automatic tax deadline extension and the first thing you should do if you missed the tax filing deadline is file for an extension with the IRS. This gives you until October 15th to file your taxes. However, you should also know that if you owe the IRS money, it is due on April 15th. So even if you file for a tax deadline extension, you need to send in an estimate of the taxes you owe. Failure to do so can result in fines or penalties. (There are no penalties or fees for not filing for an extension if you don’t owe the IRS any money).

You can file for a free tax deadline extension through these means:

Since the tax filing deadline is already close at hand, time is of the essence here, and I would recommend filing electronically if possible.


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What Happens if You Miss the Tax Deadline?

Again, there are no problems if you don’t owe the IRS any money. But it’s still a good idea to file your tax return—especially if you are due a refund. The IRS won’t send your refund if you don’t file your taxes. And the longer you wait to file, the longer you wait to receive your refund.

If you owe the IRS money, then you want to do three things: file your extension as mentioned above, make any estimated payments if you have a rough estimate of how much you might owe, then file your return before the October 15 deadline. Remember, your tax payments are due on the tax deadline (April 15th most years). So if you missed the deadline to file, you should send in a payment for the estimated amount of taxes you owe, otherwise you may owe penalties.

What Happens If You Don’t File Your Tax Return?

OK, so you missed the deadline and you haven’t filed for an extension. What happens if you let it slide? Penalties and interest, my friend. And they aren’t pretty!

Failure to pay and failure to file penalties. These two types of penalties are automatically assessed by the IRS. Here is a rough outline of the penalties you may owe for failure to file or pay your federal taxes.

  • Failure to file or (FTF) penalty assessed at 5% per month or partial month up to a 25% maximum.
  • Failure to pay (FTP) penalty assessed at 0.5% per month or partial month up to a 25% maximum.
  • If both the FTF and FTP penalties are assessed, the FTF penalty is reduced by the FTP penalty.

Underpayment penalties. You can also owe penalties for underpaying your taxes. These can be assessed at different levels, from a small fine to criminal charges, depending on whether or not the IRS determines there was criminal intent involved. Some of the possible charges include criminal or civil fraud, negligence, or  frivolous return. Penalties for these can range from stiff fines to jail time. Here is more about what happens if you don’t file your federal tax return.

What if You Can’t Pay Your Taxes?

Even if you can’t pay your taxes, you still need to file your taxes or at least file for an extension. This lets the IRS know that you are aware of the situation and you are trying to resolve it. After you file your taxes or file for an extension, you need to communicate with the IRS and try to negotiate a payment plan so you can pay the IRS your taxes. You can ask for an extension (a set time frame to pay your tax bill), or enter into a payment plan.

Penalties and fees will continue to be assessed, so you will need to pay your taxes as soon as possible – even if that means dipping into your savings or taking out a loan to do so. You should avoid payday loans, but you might consider a loan from a peer to peer lending company such as Lending Club. They can have the money to you in a matter of days if you qualify for a loan. Another option is using a credit card to pay your taxes. This isn’t recommended for everyone because there are usually fees and interest rates involved. But it can be better than the alternative, which includes penalties and fees.

If you don’t pay your tax bill, the IRS can file a Notice of Federal Tax Lien, which can damage your credit score and cause other problems.

Failure to file or pay taxes can result in fines, ruined credit, or even jail time

There are stiff penalties for those who fail to pay their taxes, up to an including jail time for the worst offenders. All it takes to avoid these problems is a little bit of time to complete your taxes and file them, or at least file for an extension. So get to it!


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Published or updated April 14, 2014.
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{ 84 comments… read them below or add one }

1 Bible Money Matters

You gotta be careful not to miss those tax deadlines!

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2 Mike

Q. What happens if you missed the tax deadline?

A. You get appointed to a political office.

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3 Miss M

I got mine in on time (last minute) but know someone who didn’t. Hopefully it will be OK for them. Mr M filed an extension this year, he is due a refund and simply didn’t get his return started on time. I’ll have to push him to get them done or he’s likely to procrastinate until Oct.

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4 Didi

I e-filed through Turbo Tax (or at least I thought I did). I’ve been using it for 5 years and usually within 24 hours you get emails saying that the Federal/State return was accepted. I didn’t get one. I logged back into Turbo Tax and it says that I didn’t e-file yet. I went through all the steps again. I remember doing them so I completed the process so I don’t know what happened. We are getting a refund but how will this late filing effect the amount we get back. I assume there is some kind of penalty for not filing on time.

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5 Ryan

Didi: I can’t say exactly how it will affect your return. Since you are receiving a refund, it probably won’t affect it much. For more information, I would contact the IRS or TurboTax. Best of luck.

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6 Raj

File for a tax extension ASAP. Make the tax payment as soon as possible, though, since the federal government charges interest on unpaid tax amounts.

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7 casper

Scary post! As I am not a US resident I am curious of something, do all US residents have to physically file your taxes? (physically meaning paper, online and so on..). Just wondering since we, in Denmark, doesn’t have to anything. You recieve your “tax-report” for the year and that’s it, unless you need to change some of the information. So can anyone tell me if it is so or not in the US?

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8 Ryan

Casper: The majority of people in the US have to file taxes every year. It is based on how much money they earned (those who earned under a certain amount aren’t required to file taxes).

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9 Mike C

(those who earned under a certain amount aren’t required to file taxes).
and those people are called zero liability voters and they will never vote themselves a tax increase.

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10 Jennifer

I find it hard to believe ANYONE would volunteer to pay more taxes.

11 money blog

Wow Denmark seems to have a very good way to track how much people are making in a year. I should read more about this

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12 Ryan

Income is supposed to be reported as it is earned in the US, but it isn’t always done well, especially when people are paid in cash. The US also has a lot of special rules and deductions people can qualify for, which can lower their tax bill. Unfortunately, the system is much too complicated.

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13 DDFD at DivorcedDadFrugalDad

A highly motivating post!

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14 alcino

What happens if you dont have any income and even if you do its under the tax free threshold, do we still need to file a tax return?

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15 Ryan

Alcino: Here is some good information regarding filing taxes based on how much you earn: How Much Money Do You Have to Make to File Taxes?.

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16 David

So I was actually going to file, had it all ready to hit the submit. I was going to receive over 1k in federal and state. But then I put it off, and when I went to file again, I couldn’t find the paperwork. I didn’t file for an extension either.
If I do this years tax work next year, then I will be okay or what? Will I lose all of it? I have never had a year where I had to pay, this is 15 years that I have been always overpaying.
thanks

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17 Just wondering

What happens if you havent paid taxes in a few years and you filed for the October 15 extension and you missed it and havent done anything since.

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18 Ryan

The first thing you do is contact the IRS ASAP. If you go to them, they will work with you, if they have to come after you, you will see a much less friendly side.

If it makes you feel better, you can go to your local taxpayer advocate:
http://www.irs.gov/advocate/article/0,,id=97402,00.html

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19 fredct

Ryan’s response is right (because he copied it from me ;) ).

I’ll add one more piece of advice on your case… if the reason you haven’t done taxes in a few years is simply lack-of-interest or procrastination or confusion, you’d probably do yourself a huge favor to find a local professional to do them for you. It’s much much better to pay someone a little rather than to get into deep trouble.

If its a bigger issue about hiding something, then you need to just step up and face the music before it gets worse.

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20 krinkle

My ex-husband has not filed for the last 2 years (2007 and 2008) I doubt he will be filing this year on time. I filed in 2007 Married Separate since we were getting a divorce. The divorce was final in September, 2008. Can the IRS come back to me for the year 2007?

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21 fredct

krinkle, you said you filed 2007 Married Filing Separately. If you did so accurately, I don’t see what the IRS could have an issue with.

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22 Johny M

I filed an extension last year, but never got to filing my taxes (family issues). I was due in returns about 5K. Can I still get that money back (or some of it) in this years return? Also, will I be slapped with failure to file or other charges?

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23 Ryan

Johny, you may be hit with a fine or penalty for failure to file your return last year, but otherwise you should still be able to claim your refund. This is something that is best handled ASAP and I would visit with a tax professional or your local taxpayer advocate for assistance with this.

You can find your local taxpayer advocate at the IRS website:
http://www.irs.gov/advocate/article/0,,id=97402,00.html

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24 fredct

To provide a bit more detail… no, you cannot get that money back on this year’s return. Rather, to get it, you still need to file a 2008 return for last year. This year’s return reflects your results for 2009, and the money you were due in 2008 can only be claimed by filing a 2008 returns.

My understanding (but I am not a tax professional!) is that late filing penalties are only a percentage of what you owe. Since they owe you, I don’t think there are any penalties… but again, I’m not a professional!

Seriously though, if they owe you $5K, why the heck haven’t you filed? Get it over with and collect your money, man. Don’t wait too long – because after some period of time (I believe 3 years, but I’m not sure) – you forfeit the money and it can never be claimed.

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25 fredct

Let me just reinforce one more thing…

First, Ryan is exactly right. If you’re not comfortable doing it yourself (which apparently you aren’t), go ahead and call the IRS, your local taxpayer advocate, or contact a local tax professional. Whatever you do, do something… not nothing.

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26 Johny M

Thanks for the advice. Do you think H&R block folks can handle the issue or should I find a CPA. The 5 K was based on a preliminary calculation done with Trubotax. You are right, even though 2009 was a bad year there is no excuse I can make for not filing. Which reminds me of a quote I learned this year.

“I have never seen a wild thing feel sorry for itself. A little bird will fall dead, frozen from a bough, without ever having felt sorry for itself.” -D.H. Lawrence.

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27 Ryan

H&R Block and most other tax preparation services should be able to handle it. Just be sure to have your paperwork in order when you show up – that will keep prep time to a minimum and make it easier on everyone involved.

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28 Joe

I owe this year for the first time ever, if I skip filing and do my taxes next year (which I will get money back next year) whats the worst that can happen in one year? I ve talked to a few people and they have gone farther than one year before and broke even the next year. Please advise, I really dont want to mess with the IRS but it has been a diffcult year. BTW I owe the irs maybe 1000$ this year.

Thanks for any advice

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29 Ryan

Joe, it’s not a good idea not to file taxes – especially if you owe the IRS money. You will open yourself to penalties and fees, and there is potential jail time under certain circumstances.

I recommend contacting the IRS or your local taxpayer advocate to discuss your options: http://www.irs.gov/advocate/article/0,,id=97402,00.html

You may be able to get on a payment plan or some other arrangement that will lessen any potential penalties or fees you might have to pay for not filing.

Best of luck.

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30 fredct

Joe, Ryan is exactly right. Even if you can’t pay, file. The IRS is understanding – especially these days – of people who can’t pay it all immediately. They will work with you to set up a realistic payment plan that you can make. If you try to hide out, that’s when you get in trouble. If you go to them and set up a way that you will pay, you will find they will certainly work with you.

If you’re more comfortable, you can contact your local IRS ‘taxpayer advocate’, who’s job it is to be on your side and help you work it out.

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31 Mike

As full-time students, including during the summer, my wife and & I didn’t make anything (zero income, aside from refunds on student loans, which our CPA has never claimed) in 2008 and so didn’t file. Reading all this, I’m not sure if that was the correct decision. Since we never filed a request for an extension, is there a way to go back and file a return for 2008?

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32 Ryan

You can file a return for 2008 – just get the form from the IRS or your CPA and you can fill it out, sign it, and file. If you don’t owe any money it shouldn’t be a big deal, but if you owe money, then you can expect some penalties or fees.

It’s best to get this done sooner rather than later, and it’s always good to have a return on record; no return may raise some red flags and invite a deeper look into your tax return history (potential for an audit down the road).

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33 fredct

Mike, in all this there has been the unspoken assumption that you were required to file a return. If you really had zero income, then you wouldn’t be required to file… here’s the requirements:
http://www.irs.gov/publications/p17/ch01.html#en_US_publink1000170392

The only reason to file in that case would be if you may qualify for some credits or otherwise get money back… but you still wouldn’t be required to.

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34 Mike

Ryan, Fredct, thanks both. We didn’t have income and I don’t think we’d be eligible for any credits. I just got worried after that guy flew his plane into the IRS building and I read an article saying that one of his early “issues” with the IRS had to do with an unfiled tax return during a year which he claimed he made no income. The IRS claimed otherwise, and he was fined.

Do you guys or anyone else know if it’s possible to use the latest version of Turbo Tax or other software to prepare a 2008 return? If so, it’ll be no trouble to just do that, vs. the minimum $50 fee from my CPA. I’ve been thinking of switching to doing that anyway, since the CPA is quite expensive, despite being nice enough to charge on a sliding scale.

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35 fredct

Mike, to answer your question about TurboTax… I don’t believe so. I think each version just does one year, but you could ask Intuit. Are you thinking of filing a blank (or nearly blank) return just to cover yourself? If so, I’d probably do it by hand, rather than paying for software. It’ll just take a little time and a couple bucks to mail it certified.

By the way, one more disclaimer… the link I sent before is the federal filing thresholds. If your state has an income tax, they may have different rules (although *usually* they try to map to the federal rules).

Lastly, on the comment on the crazy guy who flew his plane into a building, he was an anti-government nut, so I’d take my chances on the IRS being correct. Perhaps he was trying to use the old ‘the income tax is unconstitutional’ b.s., or was trying to hide income (or claim it ‘didnt count’ or something) and they caught him. Anyone who would kill innocent people… well, lets just say I’m not going to trust a terrorist on tax advice.

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36 Mike

Thanks, Fred. I’ll probably do it by hand then. I am looking to “cover myself” since I’ve had instances where I needed to show tax returns, even if it was for minimal income, while I was a student (applying for in-state tuition, immigration benefits, etc). I’d also like to join the military some day(wife has been reticent about it, or else I would have already applied) and I’ve heard the background information–especially for an officer package–is extremely in-depth. I’d prefer to have fewer things to explain just in case I’m able to go that route.

As far as the tax nut, I read that on some major news site, so I would hope it was corroborated by someone else close to him at least. I keep up-to-date using Google News, and most of the links I click on are either NYT, WSJ, or WaPo, with the occasional CNN. IIRC, he had tried to cheat them before, but apparently sometime later had a year when he made no income. Although I imagine his previous tax evasion history had something to do with it, the fact that he was fined ($10k, I think) still worried me enough to look into it. If nothing else, it was a good impetus for me covering my own rear, just in case.

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37 zach

i have joined the military and i dont have time too file taxes and i dont know what i am doing what should i do

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38 Ryan

Zach, if you won’t be able to file in time you should file a federal tax deadline extension request. It’s very easy to do, and you can find detailed instructions here: How to File a Federal Tax Extension.

You can also check for free military services on base. Here are some articles you may find helpful: Free Tax Deadline Extensions for Military Members, Military Member Tax Information and Deadline Extensions.

Thanks for your service and best of luck with your taxes!

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39 Rono

Due to a stupid typo, my electronic filing was rejected and i missed the 4-15 deadline by one day.
what happens next?
will i get fined for being a day late?
how much?

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40 Ryan

Rono, today is still the 15th, you should be able to do an electronic filing. If not, then fill out the paper form and drop it off at the post office. Most post offices remain open well after normal hours to ensure tax returns are postmarked on the deadline.

As for any potential fines for being a day late, I think each case is different. So hurry up and submit your paperwork! :)

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41 rachael

i did my husbands taxes for when we were not married and had to mail the papers for him to sign and he cant get them in till the 16th…what happens now?what do i need to do

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42 rachael

o and we are military will that help us any?because he has work from 530 am to 9pm

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43 Ryan

Rachel, if you are military you may be eligible for certain tax extensions, depending on your situation. Here is more information: military member tax deadline extensions.

If you end up missing the deadline, you may not have a big issue. It all depends on whether you owe money and several other factors. Bests of luck, and thanks for supporting our country!

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44 sandy

I thought I finished my taxes and hit the complete button. Apparently I didn’t. I realized this when I looked at my account and saw that the IRS did not deduct the money from my account. When I logged back on I noticed that I was only 99% complete! I filed but I didn’t finish the payment section. It was two days after the deadline when I finally noticed. I completed filing right away. Will I be penalized for this? This is the first year that both my husband and I owe money, it’s a little stressful and we do not want anything bad to happen.

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45 Ryan

Sandy, no way to tell for sure other than to wait and see. Sorry I cant give you a better answer.

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46 fredct

For both Rachel and Sandy, I wouldn’t worry too much about it. The IRS has more important problems to deal with than people who are 1 or 2 days late. My hunch is nothing will happen in either of your cases.

Your worst case however, is a 5% late filing penalty for being ‘a month’ late. So if you were due a refund, there is no consequence. If you owed $100, technically you’d owe a $5 penalty.

So your worst case is getting a letter from the IRS asking for $X… that’s all, nothing worse than that. No one’s going to come after you, or charge you with anything, or cart you off to jail. If the amount is a pretty small amount, I doubt they’ll even bother. If you owed $5K, and you now owe a $250 penalty, well, you might get the letter.

Here’s a column I just found which pretty much confirms that the IRS doesn’t care about a day or two, although it was written in 1996, before there was much efiling, so it basically looks at it from a ‘checking postmarks’ perspective:
http://www.straightdope.com/columns/read/1219/what-happens-if-you-file-your-income-tax-one-day-late

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47 hannah

My husband I did a tax return for 2009 and I deposited my traditional IRA before the dead line.
However, we probably made a kind of unaware mistake while we were trying to open an IRA accont on line.
We mailed a check with a IRA form to the bank .
They called and let us know there was no valid IRA account , but just regular savings account for my husband, threfore, they were unable to deposit the check for the 2009.
They said the check can be deposited for 2010 after opening valid IRA acct otherwise, they will return the check to us.

What are we supposed to do now?

Thanks,

Hannah

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48 Ryan

Hannah, it sounds like you missed the deadline to make a 2009 contribution. You can either use the money for a 2010 contribution, or you can use the funds for something else.

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49 fredct

Ryan is right. And if I may suggest, I would advise you just leave it as a 2010 contribution… better to save more than less, right?

However, I think you may be digging at something else… did you mark down a 2009 contribution on your tax forms and take a deduction for it? If so, your only choice is to file an amended return (1040X), pay them the extra you’ll owe, and then take the deduction when next year rolls around instead.

P.S. Oh, and lastly, I noticed you said ‘bank’. Your investments are certainly your call, but if you have a time horizon of 10 years or more, I’d suggest you consider an investment beyond that of a fixed return CD. If you’re comfortable with some short term risk, there are investments that are probably more appropriate for retirement savings.

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50 Paula Meyer

I filed my son’s taxes on 4/13/2010. Today is 05/15/10. I don’t usually use my email here at home but because I used my email at work for my taxes I used my home email for my son’s I just happened to open my email today and saw that my son’s taxes were rejected. He owed both the state and the federal government. We sent in a 100.00 payment for his federal and paid with an electronic check for the state. Both payments have cleared his bank. I have resubmitted his files, re transposed a number. Will he be ok. Please tell me he won’t be penalized. There is proof that he filed and he did send money. He hasn’t heard from either the state or the federal government.

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51 fredct

The only penalty for lack of filing or late filing or late payment is a percentage of what’s due. If what he is owes is zero, there will be no penalty.

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52 Jay

Hey, I couldnt pay my tax last year what sh0uld I do I’m in the Military does anyone know if i will get in troble

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53 Ryan

Jay, it depends if you owe money on your taxes or not. If you don’t owe money, then you don’t have anything to worry about. However, it might still be a good idea to file your taxes so you have a tax record from last year. Additionally, your military classification may have given you an extension on your tax filing deadline if you were deployed last year. Here is more information about Tax Deadline Extensions for Military Members.

My recommendation is to meet with an accountant to get more specific information about your tax situation. It might cost a few bucks, but it’s better to know now than to find out later that you owe back taxes and penalties. Best of luck, and thanks for your service!

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54 Tim

Hi, I’m nervous for I’m filing my 2007, 2008 and 2009 tax returns now. I was going through a tremendous amount of personal stress that resulted in me lossing my house, separation from my spouse and severe depression. I filed extensions for each year however, never filed for 07 and 08. I may owe some…not sure.

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55 Ryan

Tim, It may be a good idea to contact a professional tax planner for assistance with your situation if you believe you may owe taxes from those years. In almost every case it is better to be the one contacting the IRS about an issue with your taxes instead of having the IRS contact you. Best of luck!

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56 jackie

Hello i never filed my 2008, nd 2009 taxes do you know how much penalty i will be hit with i am doing it along with my 2010 taxes as well is their a site i can go to to do it electroniclly i never rec. a letter from them they did send me papers to go ahead and file along with my w-2′s.

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57 fredct

According to a Google search (and the answer sounds familiar to me) the penalty for not filing is 5% (of what you owe) per month, up to a maximum of 25%. So if you owe $1000 for that year, you will penalized $250. Even if you can’t pay, it is much better to file and work out a payment plan.

That does mean, if you didn’t owe anything for that year then there’s no penalty (why would there be? you let them hold your money for a while for free).

Answer for your state will vary.

As far as your next steps, here’s the IRS’s page on the matter:
http://www.irs.gov/businesses/small/article/0,,id=108327,00.html

It is greatly to your advantage to be the one to contact the IRS. If they have to track you down, that’s when you can really get in trouble. So you’re doing the right thing.

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58 cassie

I haven’t filed my taxes for today’s deadline yet, but I don’t owe anything I will actually get a refund this when I do. Will I get penalized for not filling on time? My husband says I will.

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59 fredct

Why don’t you file an extension (Form 4868). It’s free, easy, and automatic, and will give you 6 extra months. That way you won’t have to worry about it.

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60 dianne

I filed my report, electronically, via Turbo Tax. Today I learned they never received it. Will I be fined? I will call Turbo Tax in the morning to learn what the next step is. Fortunately I have all the papers that were sent, but don’t know the recourse? And (repeating myself) will the IRS penalize me?

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61 Logan

I already filed my 2010 tax returns but forgot to include 1 more tax return from one of my part time job, can I just include that for next year’s return instead? Am I gonna be penalized?

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62 Ryan

Logan, the best course of action is to file an amended tax return this year. If you owe any penalties they will be lighter the sooner you file them. It’s always better to be proactive with the IRS and admit an error instead of waiting for them to find it or trying to ignore it.

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63 joe

Hey I had a question .I’m a 1st time tax payer,I live with my parents,and i only have one job and that is making money off of this gpt site on the internet
An in 2008 i made $725.42 from that gpt site,and after i made that much money from that gpt site in 2008,then in 2009 that gpt site had wanted me to send them a w-9 form ,and so i did send them one in 2009,and then in 2009 they had sent me 1099 misc forms in the mail to file for 2008 taxes ,and instead of me filing the 1099 misc in 2009 for 2008 taxes , i had accidentally lost the 1099 misc forms,and now it’s in 2011 ,and i had wanted to know if it would still be possible if I could still file the 1099 misc for the 2008 taxes and pay off the taxes that I might owe,and if it is then i wonder if you would know how much I would owe in late charges for filing and paying off 2008 taxes really late ?

please help me

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64 fredct

If that was your only income in 2008 (as you imply it was), you are well below the filing limits and you would owe no taxes anyway. The only reason you would want to file would be if you had money withheld that you wanted back, or some refundable tax credit that you wanted to claim.

You can check our the rules under IRS Publication 17, Chapter 1, Section titled: “Do I have to file?”
http://www.irs.gov/publications/p17/ch01.html#en_US_2010_publink1000170388

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65 Ryan

My taxes were withheld and paid by my employer but I never filed for the past 2 years. Every year before, when I filed, I always got some money..

What are my penalties if I’m owed a refund but have not filed?

thanks

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66 Fred

There’s no penalty if you’re owed a refund. The government thanks you for allowing them to hold onto your money for free. And they’ll happily keep it permanently if you don’t file within 3 years of the original deadline.

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67 marc b

I filed my taxes this year for the 1st time in a couple years electronically and according to where’s my refund it says I’m supposed to have it deposited on feb 23 in my bank account. Am I def receiving that refund even though I haven’t filed in a few years?

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68 Ryan

Marc, there is no way for us to know when you will receive your refund, as each return and refund are on a case by case basis. That said, there can be delays when there are extenuating circumstances for individual tax returns. If you have specific questions, I recommend contacting the IRS.

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69 jennie ramirez

i just have a question…i e filed my taxes and they were rejected…usually my taxes are taken cuz of child support arrears.. but this yr i was offered a settlement to erase my debt….so im trying to put it off as long as i can so i can pay who ever im borrowing that money from . so my question is since i have been rejected does that mean that i havent filed? or does it mean that i have ?

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70 Wes Lee Snipes

Awaiting a document via mail to complete my taxes. Going online via TurboTax, how much of a penalty should I expect if I’m 2 days late (again going via TurboTax online).

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71 Erika

I claimed that I was going to do a contribution to my IRA and forgot to do it. what do I do now?

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72 Ryan Guina

Erika, it is too late to contribute to an IRA, so you will most likely need to file an amended tax return to indicate that you did not actually contribute during the tax year for which you filed.

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73 Bruce

Hi, I filed an extension and paid all my taxes on-time by April 15th. Now in October, I missed the filing date by a couple days… are there penalties even though I paid 100% of my taxes owed back in April?

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74 Fred

I am not a tax attorney… But my understanding is penalties are based off of how much you owe. This appears to be confirmed here: http://taxes.about.com/od/backtaxes/qt/irs_tax_penalty.htm

So if you don’t owe anything additional I would not expect any penalties.

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75 PETER

I Filed my taxes for 2012. I have one issue though, my wife worked in early January of 2012 and I forgot to put that when I did my tax return. As of now, we are getting a tax return and do not owe any money. She didn’t make a big amount, only $900. How do I fix this? Thanks.

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76 Ryan Guina

Peter, you will need to file an amended tax return. Here is more info.

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77 Sue

We normally file an extension for pension purposes so we have additional time to save our contribution. If we file an extension but are then forced to file our return before 4/15 for fasfa reasons, does filing by the original due date make the extension invalid? Not sure if university will allow us to verify fasfa figures later than 4/15 . We could really use extra time to save pension funds.

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78 KC @ genxfinance

The fees are scary. So to avoid these, file as early as you can. You avoid panicking and all the fees. Plus, the peace of mind that you have file your tax return is just priceless.

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79 Britny

hey i owe 2 dollars to the state and forgot to pay i just now looked up where to send the check to all i need to know now is how do i find out how much to pay since i didnt do it before the deadline?

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80 shonda

Today is April 16th. I have been on a work trip and did not file my taxes by April 15th. I am going thru a situtation. I know i am going to owe taxes, and i will be divorced by the end of the month. I cannot afford to pay taxes. What do I do??????

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81 Ryan Guina

Shonda, I recommend speaking with an accountant or other tax professional for advice. They can help you file for an extension and get your taxes in order, and if necessary, request a payment plan from the IRS. I recommend doing this ASAP so you can get this sorted out. Ignoring it will only make the problem worse and potentially cause you to have additional penalties and fess for paying your taxes late.

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82 Carol

We thought that we might owe for 2012 tax year. We filed and extension and we estimated around 1600. When we got all our deductions together and finished we actually are getting a refund. Here is the problem, we passed the deadline to electronically file AND we just electronically filed our 2013 taxes. We get a refund on 2013 as well. We mailed our 2012 the same day as we electronically filed. Will they see that we thought we owed and deduct from our 2013 because they think we owe or will they wait until they actually receive our 2012?

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83 Ryan Guina

You have a unique situation, Carol, and one that I can’t answer. The IRS handles each situation on a case by case basis. In your situation, they will likely process your 2013 return first, because you filed it electronically (it’s faster and easier for them to process electronically filed returns). If your 2013 return informed the IRS that you may owe on 2012, when your 2012 return hadn’t yet been filed, then that may affect your 2013 return. My recommendation is to contact the IRS and ask what would happen in your situation. You may also need to contact a tax professional if this ends up affecting your 2012 and 2013 returns. Best of luck!

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84 Nyla

My corporate return was filed on March 7th and accepted. My tax preparer mistakenly sent the extension to the IRS last week. Will this effect anything or generate a notice from the IRS?

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