April 15 is past….did you file your return?

A little known fact is that if you do not either file your return or file for an extension, you will be subject to severe penalties if you owe the IRS. The penalties for not filing your return are 5% PER MONTH for 5 months of any unpaid tax. Even if you are unable to pay the tax liability, you should file your return.

This entry was posted in Blog, Tax Attorney USA and tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *