What To Do If You Miss the April Tax Deadline But Haven’t Filed An Extension?

In this article, you will discover:

• The penalties for missing a tax filing deadline
• Whether you should file your tax return if you cannot afford to pay
• Whether you can request a payment plan after missing the tax filing deadline

What Penalties Apply If I Miss The Tax Filing Deadline?

If you miss the filing deadline, you are subject to a failure to file penalty. The penalty increases monthly, up to 25% of your total tax, the longer you delay filing.

Is There Still Time To File After The Deadline Passes?

You can file anytime, even after the deadline passes. However, you should file as soon as possible to avoid penalties.

Should I File As Soon As Possible Even If I Cannot Pay?

Even if you cannot pay, you should always file your tax return on time or as soon as possible after the deadline. A timely filing will prevent late filing penalties.

Can I Still Request A Payment Plan After Missing The Deadline?

You can request a payment plan, even after missing the filing deadline. However, all due returns must be filed first. Therefore, if you miss the deadline, you still have to file your return, even if you can’t pay it. Once your return is filed, you can request a payment plan.

How Does Filing Late Affect Future Refunds?

The IRS will deduct late filing penalties from your refund. If your refund is insufficient to cover the penalties, your refund for the following year will also be applied to those penalties.

How Can An Experienced Tax Attorney In South Carolina Help Minimize The Damage?

An experienced tax attorney can file an extension for you, but the extension must be filed by the filing deadline. Even if you miss the deadline to file an extension, an attorney can still help expedite the preparation and filing of your tax return.

Still Have Questions? Ready To Get Started?

For more information on handling a missed tax deadline, an initial consultation is your next best step. Get the information and legal answers you are seeking by calling (864) 271-7940 today.