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Each state sets its own penalties. They are different depending on the state.

But one thing that can be said with some certainty, the sooner you file the less the potential penalty. If you missed the deadline just get your taxes filed as soon as you possibly can. Even if you can't pay, get it filed, since usually there are separate penalties for not filing and not paying.

Don't worry about the penalties. Just file as if it were on time and if there is any penalty, they will send you a bill.

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14y ago
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14y ago

The failure to file penalty is 5% per month (not per year) or fraction of a month of any balance due on the return. The penalty does not stop until you file even if you pay the balance due. The maximum is 25% of the balance due. The 5% is reduced to 4.5% in any month that the failure to pay penalty also applies. If a return becomes more than 60 days late, the minimum penalty is increased to $100 (or 100% of the balance due if less than $100).

There is also the failure to pay penalty which is 0.5% per month or fraction of a month for any unpaid balance. The maximum is 25%. The penalty increases to 1% per month 10 days after a levy notice is issued.

In addition to the penalties, there is interest on any unpaid amount. The interest rate is adjusted quarterly. Currently it is 4% per year, computed daily.

If the failure to file is willful, there are also possible criminal penalties. If convicted in a court of law of willful failure to file, you could face a penalty of up to 1 year in jail plus a $25,000 fine. This applies even if you don't owe any tax or have a refund coming. Criminal prosecutions are very rare. They are reserved for the most egregious violators, people who are suspected of other serious crimes, or to occasionally make a high-profile example. It is the policy of the IRS not to refer a case for criminal prosecution if a taxpayer voluntarily comes forward to settle before a criminal investigation has begun.

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11y ago

You will get audited by the IRS and should they deem it necessary, the Repo man will come and begin taking your possessions to pay off your tax debts. If you can afford the taxes and have somehow gotten around paying them or neglected to do so, you may be fined or penalized with jail time, depending on the severity.

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15y ago

Income tax is unconstitutional. Please Don't file.

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Q: What is the penalty for forgetting to file a federal tax return?
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If you dont owe any taxes will you be penalized for filing your federal income tax return after April 15?

Yes. You have to still file your return. You could be due a refund. Also, if you don't file by April 15, or file an extension, you could have to pay a penalty. It may lessen the amount you are refunded.


What states can you file a state return but not federal?

All of them.


Where can you file a free federal tax return?

You can file your federal tax return for free with the IRS. It's the preparation that places charge you for. If you have patience and a calculator, you can do it yourself for free.


What happens you didn't file federal taxes on time?

If you owe taxes and didn't file your tax return or request an extension by the April 15 deadline, you may face interest on any unpaid federal taxes you owe and a failure-to-file penalty. The IRS will deny a request for an extension that is filed after midnight on April 15. However, you should still file your tax return, even if it's late. The failure-to-file penalty is 5 percent per month, or part of a month, of the balance due, up to a maximum of 25 percent. If the tax return is more than 60 days late, the minimum penalty is $135 or the balance due, whichever is less. Interest and penalties add to the total amount you owe. The sooner you file, even if you can't pay all or some of the taxes due, the less you will owe. More information about penalty and interest charges is contained in Chapter 1, Filing Information, of IRS Publication 17, Your Federal Income Tax. Click on the below Related link


Can you file two tax returns for the same year?

You can file one federal return. And you can file one return in each state. If you made a mistake or left something out, you have to file what is called an "amended return."


When do you not have to file Federal Income tax?

No reportable taxable income to be entered on a income tax return would be a good start of not being required to file a federal income tax return.


If you're on welfare can you file for taxes?

You can file a income tax return if you WANT to if the only worldwide income that you have is the welfare income amount. IF you do NOT have any other worldwide income to be reported on the 1040 federal income tax return you would NOT be required to file a 1040 federal income tax return.


Can you file a tax return from unemployment which you drew in another state?

Yes on your federal 1040 income tax return ALL of your gross worldwide income is REPORTED on the only1 federal income tax return that would be ALLOWED to file for the tax year.


Does your husband need to file taxes if he made 5200?

Yes it is possible that you would be required to or want to file an income tax return for the tax year 2009. Go to www.irs.gov and use the search box for Do You Need to File a Federal Income Tax Return?Many people will file a 2009 Federal income tax return even though the income on the return was below the filing requirement. The questions below will help you determine if you need to file a Federal Income Tax return or if you need to stop your withholding so you will not have to file an unnecessary return in the future.The Internal Revenue Service is providing this information as a part of our customer service and outreach efforts to Reduce Taxpayer Burden and Processing Costs. Changing your withholding and/or not filing Unnecessary Returns will save both you and the government time and money.Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.To determine if you need to file a Federal Income Tax return for 2009 answer the following questions:


Do you have to file income tax on 11900.00?

Yes it is possible that you would be required to or want to file an income tax return for the tax year 2009. Go to www.irs.gov and use the search box for Do You Need to File a Federal Income Tax Return?Many people will file a 2009 Federal income tax return even though the income on the return was below the filing requirement. The questions below will help you determine if you need to file a Federal Income Tax return or if you need to stop your withholding so you will not have to file an unnecessary return in the future.The Internal Revenue Service is providing this information as a part of our customer service and outreach efforts to Reduce Taxpayer Burden and Processing Costs. Changing your withholding and/or not filing Unnecessary Returns will save both you and the government time and money.Even if you do not have to file a return, you should file one to get a refund of any Federal Income Tax withheld.To determine if you need to file a Federal Income Tax return for 2009 answer the following questions:


What happens if you file your income taxes after April 15?

As a calendar year individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability or OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010. If you owe taxes and didn't file your tax return or request an extension by the April 15 deadline, you may face interest on any unpaid federal taxes you owe and a failure-to-file penalty. The IRS will deny a request for an extension that is filed after midnight on April 15. However, you should still file your tax return, even if it's late. The failure-to-file penalty is 5 percent per month, or part of a month, of the balance due, up to a maximum of 25 percent. If the tax return is more than 60 days late, the minimum penalty is $135 or the balance due, whichever is less. Interest and penalties add to the total amount you owe. The sooner you file, even if you can't pay all or some of the taxes due, the less you will owe. More information about penalty and interest charges is contained in Chapter 1, Filing Information, of IRS Publication 17, Your Federal Income Tax. Go the IRS gov web site and use the search box for Publication 17 and go to chapter 1 When Do I Have To File?


Do I have to to file income tax returns for state of Maine if i filed a federal tax return and and have 0 adjusted gross income?

If you are a residentof Maine who is required to file a federal income tax return, you must file a Maine income tax return. If you are not required to file a federal return, but do have income subject to Maine income tax resulting in a Maine income tax liability, a Maine return must be filed. You do not have to file a Maine income tax return if you meet all of the following requirements: 1) your Maine taxable income is $2,000 or less, 2) you claim yourself as an exemption on your return, AND 3) you are not subject to the Maine Minimum Tax. However, you must file a return to claim any refund due to you.