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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.
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What else can I help you with?
Do you file taxes if you didnt work?
yes
Can you still file income taxes even though no federal taxes were taken out of check?
Can you still file income taxes even though no federal taxes were taken out of check?
What age does federal taxes stop?
Where I live the executor of your estate will have to file your Federal taxes after you die.
Do you have to file taxes if you made 7000 in Illinois?
file it dam you will get all that you paid in to federal and yes you have to file your taxes period
What are the requirements to e file your federal income taxes for free?
Your income must be 58000 or less to file your federal income taxes for free. If your income is higher then you cannot file them for free from e-file.
Do you file taxes if you didnt work?
yes
Can you file banruptcy on federal taxes?
You can't. Bankruptcy does not forgive you for federal taxes.
Can you still file income taxes even though no federal taxes were taken out of check?
Can you still file income taxes even though no federal taxes were taken out of check?
What age does federal taxes stop?
Where I live the executor of your estate will have to file your Federal taxes after you die.
Do you have to file taxes if you made 7000 in Illinois?
file it dam you will get all that you paid in to federal and yes you have to file your taxes period
What are the requirements to e file your federal income taxes for free?
Your income must be 58000 or less to file your federal income taxes for free. If your income is higher then you cannot file them for free from e-file.
What happens if no federal taxes are taken out of my paycheck?
If no federal taxes are taken out of your paycheck, you may owe a large amount of money to the government when you file your tax return. It is important to ensure that the correct amount of taxes are withheld from your paycheck to avoid penalties and interest.
Can I file my federal taxes for free?
Yes, you can file your federal taxes for free. Here's a link to a website that will guide you through how to file your taxes for free. http://www.irs.gov/efile/article/0,,id=118986,00.html
What happens if you don't file your taxes?
If you're talking about federal taxes, the IRS could file for you. Depending on your circumstances, this could be at the maximum tax rate. If you are due a refund, you can't claim it if you don't file within 3 years of the due date.
Is it faster to e file federal taxes?
Yes it is faster to E file federal taxes because you avoid the delay in the postal mail system that way.
already filed federal where can i file state taxes only for free online”?
already filed federal where can i file state taxes only for free online””
How do you file state and federal taxes if you did not file last year?
ummm you file them that's how. now if you are talkin filling for the year that you didnt file then yea you can file them but it will cost you. That happen to me for my state so i told H & R block forget that... i let them keep that money. lol
