Missed the tax deadline? Here's what you need to do if you're filing taxes late and how to reduce potential penalties and ...

If you're late filing and owe this penalty, the IRS will notify you with a letter or notice. The penalty is a percentage of the unpaid taxes and is calculated based on how late you file and the ...

A tax extension allows you to avoid some penalties for filing a late return, but it doesn't ... Within a few months, you can expect letters from the IRS indicating how much you owe, followed ...

You'll likely need to provide any notices or letters you've ... be charged a failure-to-file penalty of 5% of your unpaid tax obligation for each month your return is late. This penalty can ...

Doing so helps you avoid a late filing penalty, and you can explore setting up a payment plan with the IRS to manage your balance over time. Notably, in certain parts of the States that have ...

The IRS treats not filing and not paying as two separate issues. Learn what happens if you don't file your taxes by April 15, ...

The Registrar General’s Department yesterday unveiled a three-month waiver of the 10 percent penalty for late company registrations submitted through its new online portal. The Department ...

HM Revenue & Customs will hike late payment interest to 8.5 per cent from April 6 2025. The gap between what it charges taxpayers in late payment interest and the rate it offers on overpaid tax is ...

If you're part of a business partnership, note that all partners can be charged a penalty if a partnership tax return is filed late. In addition to getting fined for filing your tax return after the ...