Taxpayers who, for whatever reason, did not file a tax return should file as soon as possible.

What if a taxpayer didn’t file their 2023 tax return on time by 4/15/24, and didn’t request an extension of time to file?

Or for whatever reason a taxpayer didn’t file a tax return for an earlier year like 2021 or 2022?

Taxpayers who are late in filing their tax returns should try to file them and pay any balance due as soon as possible.

This will stop additional late filing penalties, late payment penalties, and associated interest from building up.

Below are some other additional points to keep in mind regarding late filing:

? Remember, when a taxpayer is owed a refund on their tax returns, there is no penalty for filing a late return even without an extension.

However, if the taxpayer files their return expecting a refund too late, they may lose the opportunity to request the refund from the IRS or another taxing agency.

? Keep in mind that taxpayers in disaster areas are given an automatic extension of time to file their return such as those affected by the terrorist attacks in Israel, flooding, hurricanes, etc.

? It’s always recommended to file tax returns rather than just wait and see what happens.

Have a question about this or another tax-related matter? Feel free to reach out!

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