Missing the filing deadline can trigger penalties, interest, and potential complications with future filings.

Missing a tax filing deadline can lead to a failure to file penalty, which is usually five percent of the unpaid taxes for each month a return is late.

Penalty abatement: "The IRS may approve a one-time abatement of late-filing penalties if [you haven't] been subject to penalties [in] the last three years," says Forster. Seek professional tax help ...

The IRS is giving taxpayers alternative options if they miss the April 15 deadline to file federal income taxes.

What are the penalties for filing my taxes late? If a return is filed after April 15 without an approved extension and the taxpayer owes money, the failure-to-file penalty kicks in immediately.

For taxpayers who owe money, the consequences of a late filing can be costly, with steep monthly charges and daily interest accruals that quickly add up.

If you haven't yet filed, the IRS is warning you to do so before Tuesday, or face stiff late-filing penalties. Here's what you need to know and do before Tax Day 2025.

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It forgives failure-to-file and failure-to-pay penalties for one tax year. Reasonable cause abatement: You must prove that circumstances beyond your control prevented tax compliance.

Failing to file your tax returns can lead to penalties, interest charges, and potential legal consequences from the IRS.

As of Feb. 14, the IRS had received about 5% fewer individual returns compared to about the same point last season, according to the agency’s latest filing statistics.