B's Girl
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If you are getting a refund you not owe the IRS anything. If you owe a balance, the penalty for filing late is $50-$250. This does not include the other penalties and interest the IRS may charge you. I suggest you look on the IRS website for possible tax credits and deductions... |
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Michelle
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I know in Canada, it is okay to file late as long as you don't owe. If you do however you will be charged interest and if you let it go too long you could be fined or put in jail. |
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chaarlene2000
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I know alot about this having filed my taxes late many times. You are not in trouble. The most is you might have a late penalty which will be minimal for only two months late. The more months you wait the higher the penalty. I postponed filing my taxes for two years. Doesnt matter. I had about a $100 penalty. Big deal. |
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MikeyG
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*shrug*
It's possible, if you owe money.
If you're getting a refund, probably not.
Hindsight being 20/20, you should have filed for an extension, but that's not going to help in this situation. Best advice a non-tax person like me can give you: file as soon as possible. |
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finchfactory
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Example:Only because you are an illegal. Hopefully you get deported!
Don't answer serious questions with stupid answers. See how it looks. |
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?
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Um yeah I should say you are. That is why we have a due date to get it done. |
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foxy_R
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yes you are.... sorry to tell ya but they will tax the hell out of you now... but its better then waiting even longer... |
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gramma962
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You will be penalized if you did not file an extention. the extention gives you till October to file. |
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tigerloveshistigress
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u'd probably be charged interest fees and/or fines. if they audit u b4 u file or if u file incorrectly, then u r in BIG trouble. |
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beakndi
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You're never in trouble. If you file late the worse that will happen is they will assess a penalty. |
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Kevin
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There is a late filing fee and a late paying fee. Both tax penalties are based on the amount you owe. |
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lade40free
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Better late than never! You're not in trouble. If you have a refund coming, it's not going to be a big deal at all. If you have a balance due to the IRS you will be assessed a penalty for late filing and a little bit of interest on the balance owed to them. Good Luck! |
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king
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a little i file my taxes early so i can save money and a master card i have 5 of those and 7 black cards |
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braiya_midwest320
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You aren't in trouble, you have up to 4 years to actually pay your taxes, however, you will have to pay a penalty through the IRS, which I believe, the rates depend on how late they are, but I know they are around a couple of hundred dollars. Sorry to be the bearer of bad news...:( |
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jdc6733
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No. |
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hin368
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yes because you filing after the main deadline, but if filed before August 15 then some of your penalities and late fees wont be so much only for the two months after the deadline, now if you wait until october 15 then you will be over your head in water. |
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Blunt Honesty
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You will most likely have to pay a penalty if you did not file for an extension before the due date this year. |
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Cyn
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I believe there is a grace period. You should be able to wait until next tax season and file both years. Check with a CPA, call your local Jackson Hewitt. |
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