So you missed the tax deadline. Now what?
Missed the tax deadline? Don't panic – there are steps you can take to get back on track. Whether you forgot to file or simply need more time, these tips can help you navigate the post-deadline process smoothly.
If you missed the tax deadline, these tips can help
The tax filing deadline has come and gone. If you didn't file a tax return or an extension but should have, you need to take action now. Here are some tips to help you:
- There is no penalty for filing a late return after the tax deadline if a refund is due. If you didn't file and owe tax, file a return as soon as you can and pay as much as possible to reduce penalties and interest.
- For those who qualify, IRS Free File is still available on IRS.gov through
October 15 to prepare and file returns electronically.
- If you don't qualify for IRS Free File, you can use Free File Fillable Forms
to e-file. This option uses electronic versions of IRS paper forms. It does
some of the math and works best for those who are comfortable doing
their own taxes.
- You can get fast answers about your refund by using the Where's My Refund?
tool available on IRS.gov and through the IRS2Go mobile app. All you need is
your Social Security number, tax filing status and the exact amount of your
refund. Where's My Refund? is updated no more than once every 24 hours,
usually overnight, so you don't need to check the status more often.
- If you owe taxes, you can view your balance, pay with IRS Direct Pay, by
debit or credit card or apply online for a payment plan, including an
installment agreement. Before accessing your tax account online, you must
authenticate your identity through the Secure Access process. Several other
electronic payment options are available on IRS.gov/payments. They are
secure and easy to use. If you pay electronically, you'll receive immediate
confirmation when you submit your payment. Also, with Direct Pay and
EFTPS, you can opt in to receive email notifications about your payments.
- If you need more time to pay your taxes, you can apply for an installment agreement with the IRS. The best way to apply is to use the IRS Online Payment Agreement tool. Once you complete the online process, you'll receive immediate notification of whether your agreement is approved.
No matter how or when you file, you should keep a copy of your tax return and all
supporting documents.
We can help you get back on track
Take action now: contact us for expert guidance
If you missed the tax deadline and need assistance, don't hesitate to reach out. Whether you're due a refund or owe tax, it's crucial to address your situation promptly.
Are you due a refund?
You have three years from the original due date to claim a refund. Act promptly if you believe you're owed money.
There is no penalty for filing a late return after the tax deadline if a refund is due.
Do you owe tax?
If you owe tax, there are penalties and interest for both filing late and paying late. It's essential to address your tax situation promptly to minimize additional fees.
Either way, hurry up!
Whether you're owed a refund or owe tax, don't delay taking action. Procrastination can lead to more significant issues down the line. Schedule a free consultation today.