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What do I do if I missed the October 15 deadline for filing my taxes?
Wiki User
∙ 9y ago
You are still required to file your return even if you missed the last deadline. I suggest that you file the return as soon as possible. If you owe additional taxes, you will be penalized and will pay interest on what you owe for not filing in a timely manner but it will only get worse. The penalties and interest are not too bad with interest rates as low as they are now. Even if you can't pay all that is due you still can stop some of the penalties by filing now. If you do not owe additional taxes you will not even have a penalty after October 15th. If you don't file the return the IRS will have no choice but to use the information they have on file to file the return for you. This means it will be filed as Single with dependents and no deductions. If you file it will probably be better than what they file in your place.
Wiki User
∙ 9y ago
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When is the deadline to file Michigan state taxes?
The deadline for filing State tax in Michigan is the same date as the deadline for filing Federal tax.
When is the last day that you can send in federal income taxes?
The official deadline for 2012 was April 17th. If you applied for an extension, the deadline is October 15th. You can send your return even after that, but you can only get a refund up to 3 years after the filing deadline.
When are taxes due?
April 15 is the usual deadline for filing personal income taxes. However, for 2010 taxes, the deadline has been extended to April 18, 2011.
What is the deadline for filing taxes if you don't owe money?
As an individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability and OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010.
What Consumers Should Do After Missing the Deadline for Taxes?
When most adults think of April 15th, they automatically think of filing their taxes. This is because the deadline for taxes is normally April 15th. There are, of course, exceptions to this rule. If the 15th falls on a weekend or on Emancipation Day, which is the day President Lincoln signed the law finally freeing the slaves in Washington D.C., the IRS's deadline is moved to the next business day.How to Avoid Missing the Deadline for TaxesWhile the deadline for taxes is almost the same time each year, not everyone is ready to file their taxes at this time. If you cannot file your taxes by the deadline, you can file Form 4868 to request a six month extension. This means that, if the deadline was April 15th, you will have until October 15th to file. While you might have to pay a penalty, asking for an extension will usually buy you more time.What You Should Do If You Have Missed the DeadlineIf you have missed the deadline for taxes, it is important to file as soon as possible. In some cases, it is possible to get away with not filing your taxes for some time. Some people go several years before the IRS catches up with them. Unfortunately, you cannot simply ignore your taxes. The longer you wait to file, the more money you will eventually owe the IRS. Refusing to pay the IRS can also result in some very negative consequences. To collect what they are owed, the IRS might put a lien on your home or begin seizing your property.Once you do file your taxes, expect to owe more than if you had filed on time. You will owe the IRS penalty fees and up to 25% interest depending on how long you waited to file. If the IRS owes you money, you will not be penalized. You will, however, not be issued a refund if the returns are over three years old.If, after filing your taxes, you are unable to pay what you owe, you can request a payment plan or file an Offer in Compromise. An Offer in Compromise will reduce your tax debt if you can prove that you are reasonably unable to pay the owed amount. If you believe you might qualify for an Offer in Compromise, you might need to consult a tax professional for assistance.
When is the deadline to file Michigan state taxes?
The deadline for filing State tax in Michigan is the same date as the deadline for filing Federal tax.
When is the last day that you can send in federal income taxes?
The official deadline for 2012 was April 17th. If you applied for an extension, the deadline is October 15th. You can send your return even after that, but you can only get a refund up to 3 years after the filing deadline.
When are taxes due?
April 15 is the usual deadline for filing personal income taxes. However, for 2010 taxes, the deadline has been extended to April 18, 2011.
What is the deadline for filing taxes if you don't owe money?
As an individual taxpayer filing a 1040 federal income tax return and you do NOT have any income tax liability and OWE any income taxes on your correctly completed income tax return the final date to file would be October 15 2010.
What is the deadline for income taxes?
The deadline this year was to be April 15. However, the IRS extended this deadline to the 18th this year. It is possible to get an extension that could allow you to file as late as October.
What does filing for a tax extension do?
Filing an extension with the local or federal government allows the tax payer to "extend" the amount of time that is permitted to pay the taxes owed to the government.In the US of A, April 15th is the standard deadline date that taxes need to be turned in.Filing an extension will allow the tax payer to put off that deadline to a later date.
What Consumers Should Do After Missing the Deadline for Taxes?
When most adults think of April 15th, they automatically think of filing their taxes. This is because the deadline for taxes is normally April 15th. There are, of course, exceptions to this rule. If the 15th falls on a weekend or on Emancipation Day, which is the day President Lincoln signed the law finally freeing the slaves in Washington D.C., the IRS's deadline is moved to the next business day.How to Avoid Missing the Deadline for TaxesWhile the deadline for taxes is almost the same time each year, not everyone is ready to file their taxes at this time. If you cannot file your taxes by the deadline, you can file Form 4868 to request a six month extension. This means that, if the deadline was April 15th, you will have until October 15th to file. While you might have to pay a penalty, asking for an extension will usually buy you more time.What You Should Do If You Have Missed the DeadlineIf you have missed the deadline for taxes, it is important to file as soon as possible. In some cases, it is possible to get away with not filing your taxes for some time. Some people go several years before the IRS catches up with them. Unfortunately, you cannot simply ignore your taxes. The longer you wait to file, the more money you will eventually owe the IRS. Refusing to pay the IRS can also result in some very negative consequences. To collect what they are owed, the IRS might put a lien on your home or begin seizing your property.Once you do file your taxes, expect to owe more than if you had filed on time. You will owe the IRS penalty fees and up to 25% interest depending on how long you waited to file. If the IRS owes you money, you will not be penalized. You will, however, not be issued a refund if the returns are over three years old.If, after filing your taxes, you are unable to pay what you owe, you can request a payment plan or file an Offer in Compromise. An Offer in Compromise will reduce your tax debt if you can prove that you are reasonably unable to pay the owed amount. If you believe you might qualify for an Offer in Compromise, you might need to consult a tax professional for assistance.
File by the Deadline?
The most important thing to do when filing for a tax extension is to remember to submit paperwork by the deadline. The unfortunate reality is that a lot of people completely forget to do their taxes and require the extension after the deadline has passed. Missing the deadline can force you to pay incredibly high fees. You do not want to be financially penalized for simply forgetting to file paperwork by a certain deadline. The typical deadline for filing a tax extension electronically is April 15. If you remember to make this deadline, then you will not have to worry about paying extra fees.
What is the Canadian tax filing deadline?
Midnight, April 30, 2008 You can also file your taxes online. For more information, see the Related Link.
How do I get an extension on the deadline for filing my taxes?
The IRS website (irs.gov) can offer helpful information regarding all aspects of filing your taxes. Whether you need to know about filing status, who you can claim, or what income has to be claimed, you can find information on their site. http://www.irs.gov/taxtopics/tc304.html specifically deals with applying for an extension.
What is the Last day to file taxes for 2008?
The deadline was April 15, 2009. If you missed the deadline, file your 2008 taxes as soon as possible. If you owed money, you still owe it and interest and penalties are added for every day you wait. If you had a refund coming, it is not too late to claim it.
Last day of taxes after filing an extension?
For the 2009 tax year the date is October 15 2010.
