What if state taxes are filed late




















If you haven't filed required tax returns, find out how far back you may need to file, and get the nine tips you need to know about filing back tax returns. Need copies of your old Forms W-2 or ? This link is to make the transition more convenient for you. You should know that we do not endorse or guarantee any products or services you may view on other sites. Tax information center : IRS : Audits and tax notices.

Good news: You can still file. Make an appointment Or call Want more help? Schedule a FREE consultation.

The real question you should be asking yourself is: Why risk it? Plus, if you mail in your return, the IRS can see the postmarked date on the envelope, so you could very well receive a bill for a small amount if you're a few days past due. While you'll still have to fill out and file as much of your as you can as well as pay your estimated taxes , you'll have until mid-October to finish the tax-filing process. This publication is not intended as legal or tax advice. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor.

At its most extreme, your failure to file penalty can total 25 percent of your unpaid taxes. Yes, jail time is a potential conclusion if you continue to ignore your tax bill. However, a myriad of penalties and problems will accumulate even before then. First, interest and penalties will continue to accrue on your debt until you either pay it in full or come to an agreement with the IRS. The IRS will go after your wages and assets using liens, levies, and garnishments.

In fact, the IRS can get access to your bank accounts if you refuse to pay a bill. They can even instruct your employer to turn over a percentage of every paycheck until your debt is settled. If you end up being charged with tax evasion, the penalty could be jail time. The specific penalties are the failure to file penalty and the failure to pay penalty. Again, the failure to file penalty can total up to 25 percent of your tax bill.



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