What if miss tax deadline

In fact, the longer you wait to file, the more fees and penalties you'll accrue. And if you're due a refund, the quickest way to get your money is — you guessed it — to file that return. NBC senior business correspondent Stephanie Ruhle is urging taxpayers who've been procrastinating to get those returns in. Here are three things you need to know to get the weight of tax filing off your shoulders:.

The good news is, if you are owed a tax refund you will not be fined a penalty for filing late. Here's a cheat sheet for the materials you'll need to file.

You will have 3 years from the original due date or until April 15, to file a Tax Return and claim your tax refund.

After April 15, , you can no longer claim your refund and the money goes to the U. Information about unclaimed tax refunds. What Next? Prepare and e-file a tax return through eFile. After October 15, , you will need to manually prepare and file your tax return via mail.

You DID e-file or file a federal tax return on time and you owe unpaid taxes. You will probably have to pay the failure-to-pay penalty, which is 0. Pay some or all of your taxes as soon as possible. If you cannot pay the full amount at one time , you may be able to enter into an installment agreement with the IRS.

You did NOT e-file or file a federal tax return or an extension on time and you owe unpaid taxes. You will probably face two types of penalties: one for not filing a tax return or extension on time and one for not paying your taxes on time. The amount you owe for this penalty will be reduced by the amount you owe for the failure-to-pay penalty. The failure-to-pay penalty is 0. If both penalties apply to you during the same month, the failure-to-file penalty is reduced by 0.

After October 15, , you will need to prepare and file your return via mail. Also, pay some or all of your taxes as soon as possible. If you cannot pay the full amount now , you may be able to enter into a payment arrangement with the IRS. You have until October 15, to e-file a Tax Return. You will not owe any penalties, but you must file a tax return within 3 years of the original deadline in order to claim a tax refund by April 15, for Tax Returns. If you file a return and later realize you made an error on the return, the deadline for claiming any refund due is 3 years after the return was filed or 2 years after the tax was paid, whichever expires later.

Prepare and e-file a Tax Return through eFile. You have until April 15,, to paper file a Tax Return and still claim any refund you are owed. Some taxpayers may have extra time to file their tax returns and pay any taxes due. These include: individuals living or working in a federally declared disaster area, military service members and eligible support personnel in combat zones, and U. There are several ways to make a payment on your taxes: credit card, electronic funds transfer, check, money order, cashier's check, or cash.

If you pay your federal taxes using a major credit card or debit card, there is no IRS fee for credit or debit card payments, but processing companies may charge a convenience fee or flat fee. It is important to review all your options. The interest rates on a loan or credit card could be lower than the combination of penalties and interest imposed by the Internal Revenue Code. Taxpayers who are not able to pay the full amount owed on a tax bill are encouraged to pay as much as possible.

By paying as much as possible now, the amount of interest and penalties owed will be less than if you pay nothing at all. Based on individual circumstances, a taxpayer could qualify for an extension of time to pay, an installment agreement, a temporary delay, or an offer in compromise. Direct Pay. Tax information center : IRS : Audits and tax notices. Good news: You can still file. Make an appointment Or call Want more help? Schedule a FREE consultation. Make an appointment.