Late Tax Return Filing

Don’t Be Late

You do not want to be late in filing your tax return! You do not want to cause any serious financial hardship by late filing or increasing the number of your non-filed tax returns on hand. However, it’s never a lost cause. IRS Debt Help can definitely help you.

Don’t Get Penalties

The annual tax return filing date is April 15th. Federal income tax return forms along with any taxes owed are due on that day. Failing to file and pay on deadline could result in serious consequences or penalties. According to the Internal Revenue Service (IRS) tax law, those penalties could include:

  • Penalties for failure to file
  • Penalties for failure to pay
  • Penalties begin to accrue effective April 16th
  • Penalties for failure to file on time is about 5% of unpaid taxes for each month a tax return is late
  • Failure to pay penalty is at 0.5% of your unpaid taxes
  • Failure to file for more than 60 days after April 15th would result in minimum penalty of either $135 or 100% of unpaid taxes, whichever is smaller.

It is important that you contact a professional tax preparer if you feel you will be late on filing your tax return or paying the amount owed. You may be able to file for an extension in which case the professional tax preparer can help notify the IRS of the extension rather than ending up paying penalties.

Don’t Be Discouraged

If you are experiencing any financial hardship, or encountered unexpected problems, or have a complicated tax return, don’t be discouraged. We, at IRS Debt Help, will be able to assess the areas that need to be looked at immediately and help provide you with the most suitable turnaround for the problems in hand. We take pride in the trustworthy services we provide and are certain that we can properly file any back taxes that you might owe and effectively help you apply for the necessary tax deductions. Contact 844-332-DEBT today to schedule a free client case study and assessment to discuss your specific needs.