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It's not perfectly fine, no.
However, penalties for filing late are based on the balance due. If the government owes you money, they're not going to complain about the interest-free loan you're giving them.
On the other hand, if you don't file, they will calculate your taxes based on the information they have, which may lead them to believe that you do owe them money. Which is why it's not a good idea to wait 3 years.
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What will happen if you file the current years taxes and owe for back taxes?
You will have to pay a fine. And pay all the money back that you owe.
Can you file taxes if you worked but now get welfare?
Yes. You have to...its federal law. Any person who receives wages of any kind throughout the year is required to file taxes. Failing to do so may be considered a felony called tax evasion. If convicted, you could face up to 5 years in prison and/or a $100,000 fine.
What two things had stolen the savings of many old people?
Inflation (the loss of purchasing power of currency, Increases in Health Care Costs and Increased Taxes(especially property taxes) are three fine examples.
If you owe state taxes when are they due?
State taxes must be paid by the April of that particular year. A fine will be incurred should the taxes not be paid, and the length of time they remain unpaid will increase the fine.
What could be the fine for a DUI?
Depends on the jurisdiction. In Florida it can be up to $10,000 (and three years).
on line where can i fine the form to file out,to reduce my property taxes I will be 65 in Jan thank you ?
US Restaraunt careers posts all these types of jobs online. Maybe you could try looking there.
What are the fines for dogfighting?
Each violation can result in up to three years in jail & a $250,000 fine.
What are the different cuts of files?
There are different 'cuts' of file from the very fine 'arborite ' file up to the 'bastard' file.
How do I file my state taxes myself for free?
You need to download and fill out all the appropriate forms and then mail them to the IRS. This is fine for a simple return. If things are more complicated though, I just recommend paying for someone else to do it.
Did Stephanie McMahon fine brock lesnar?
Yes, but Brock Lesnar is signed with WWE for another three years.
What punishment would a violator of the Sherman antitrust act?
imprisonment not exceeding three years and a fine not exceeding $10,000,000
Will you have to pay a fine if you mail your taxes on April 16 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 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. 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?
