| Late Filers |
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We never filed our state tax return last year. Can we still do it this
year?
-If you are required to file a state tax return, you must do so even if
it is late.
I cannot believe that I forgot to file a return last year. What would
be the best way for me to proceed? What kind of penalties can I
expect to see from the IRS? What if I am due a refund?
-First of all, get the tax forms for last year and file your return as
quickly as you can. If you have a balance due, late-filing and
late-payment penalties will be imposed. If you have a refund, there
should be no penalties or interest. Some states impose a penalty
for late filing even if you have a refund. If you have specific tax
questions, you can visit PBS's office and let one of our tax
professionals help.
What kind of penalty should I expect for filing one day late? I'm
single and will be filing Form 1040EZ with wages of about $4,000.
-Since your income is below the filing requirement for single
individuals, there is no penalty for late filing. If you had tax withheld,
you will receive a refund of the entire amount. You also may be
eligible for the earned income credit.
I am self-employed and have not paid my taxes. Can I file for an
extension?
-If it's already after April 15, it's too late to file an extension.
Instead, file your taxes as soon as possible to minimize your
penalties.
Can I still file a tax return after April 15?
-Yes. If you are required to file, you must file the return even if it
wasn't filed on time. If you owe the IRS, penalties and interest will
be imposed. If you have a refund coming, penalties and interest will
not be imposed. To get the refund, you generally must file the
return within three years of the due date of the return.
year?
-If you are required to file a state tax return, you must do so even if
it is late.
I cannot believe that I forgot to file a return last year. What would
be the best way for me to proceed? What kind of penalties can I
expect to see from the IRS? What if I am due a refund?
-First of all, get the tax forms for last year and file your return as
quickly as you can. If you have a balance due, late-filing and
late-payment penalties will be imposed. If you have a refund, there
should be no penalties or interest. Some states impose a penalty
for late filing even if you have a refund. If you have specific tax
questions, you can visit PBS's office and let one of our tax
professionals help.
What kind of penalty should I expect for filing one day late? I'm
single and will be filing Form 1040EZ with wages of about $4,000.
-Since your income is below the filing requirement for single
individuals, there is no penalty for late filing. If you had tax withheld,
you will receive a refund of the entire amount. You also may be
eligible for the earned income credit.
I am self-employed and have not paid my taxes. Can I file for an
extension?
-If it's already after April 15, it's too late to file an extension.
Instead, file your taxes as soon as possible to minimize your
penalties.
Can I still file a tax return after April 15?
-Yes. If you are required to file, you must file the return even if it
wasn't filed on time. If you owe the IRS, penalties and interest will
be imposed. If you have a refund coming, penalties and interest will
not be imposed. To get the refund, you generally must file the
return within three years of the due date of the return.
