Filing Late IRS Federal Income Tax Return Form 2011, 2012

If you fail to meet the April tax deadline it is very important to file your return as quickly as possible after this date. You must get your taxes filed even if you cannot afford the amount due at the current time.

The following is a list of examples and possible consequences when filing your tax return late or not at all:

I filed my tax return after the April deadline

In this situation you must file your taxes as soon as possible and then you may be subject to penalties and interest because you are late. If you are owed a tax refund it could delay this process but will not have any penalties. If you wait too long you may lose your refund entirely.

I didn't file a tax return at all

If you have failed to file a tax return at all you will receive a letter directly from the IRS. This letter will inform you that you need to file your return. It will instruct you on what forms to file. The IRS may even come up with their own assessment of your taxes.

I need to file an extension

Extensions are certainly acceptable as long as you follow the correct process to file an extension with the IRS. Many people are unaware that you must file an extension before you are late. Which means it must be filed before the April deadline.

I need to file a return for the previous year

You may file a tax return for the previous year but we suggest using online software to simplify this process. You may consider using turbo tax to help you with this.

If you have missed the tax deadline or think you will need more time please visit TurboTax Online to file an extension.

Here are more articles discussing late tax filing:

How Can I File My Taxes Late?

IRS Tax Due Date

Business Tax Extension Forms

 

Comments

[Tax Return]

Filing electronically eliminates the data access work that the IRS has to do, and so the IRS can procedure your income tax return faster. This means you can get your income tax refund quicker and with less chances of a wait. In order to e-file your tax return, you will need to use a software program or file your return through a tax preparer, which could add to the cost of preparing your tax return

[Aslin]

Good