If you missed the tax deadline, don’t panic — you’re not alone, and there are still steps you can take to minimize the impact. The April 15 deadline is crucial, and missing it can result in potential penalties, so it’s important to file as soon as possible to avoid further issues. Whether you forgot, were overwhelmed, or just ran out of time, the good news is you can still file your return. At ezTaxReturn, we’re here to help you navigate the next steps quickly and easily.
Below, we break down what to do if you missed the deadline, how to reduce penalties, and how to file your taxes late the smart way.
Know the Consequences of Missing the Tax Deadline
First things first: it’s important to understand what happens when you miss the federal tax filing due date.
- If you owe taxes, the IRS will charge two types of penalties:
- Late-filing penalty: Usually 5% of the unpaid taxes for each month your return is late, up to 25%. This is also known as the failure to file penalty.
- Late-payment penalty: Typically 0.5% of your unpaid taxes per month, also up to 25%. This is referred to as the failure to pay penalty.
- Interest accrues on any unpaid balance until it’s paid in full.
The failure to file penalty is generally more severe than the failure to pay penalty, so it’s important to file your tax return on time even if you cannot pay the full amount owed.
The longer you wait to file, the more it can cost you. That’s why it’s crucial to take action as soon as possible. If you cannot pay your taxes on time, you should still file your return to avoid the more significant failure to file penalty.
File As Soon As Possible with ezTaxReturn
Even if you can’t pay your full tax bill right now, filing your return is the most important step you can take. Remember, you must file and pay by the tax deadline to avoid penalties. The IRS penalties for not filing are much steeper than those for not paying.
The Internal Revenue Service manages tax deadlines and imposes penalties for late filing and payment. Filing as soon as possible can help mitigate these penalties and interest.
With ezTaxReturn, you can file your taxes online in under 30 minutes. Our user-friendly platform guides you through the process step by step — no tax experience needed. We even offer free federal filing for qualifying taxpayers.
Don’t wait — start your late return with ezTaxReturn now.
Expecting a Refund? You’re in Luck
If you’re owed a refund, there’s good news: There’s no penalty for filing late if the IRS owes you money.
However, don’t wait too long. You typically have three years from the original deadline to claim your refund. After that, it’s gone for good.
ezTaxReturn helps you quickly find out if you’re eligible for a refund and how much you’re owed, including any tax credits you may qualify for. The sooner you file, the sooner you’ll get your money.
Owe Taxes? Here’s What to Do
If you owe taxes and missed the deadline, don’t ignore it. Here’s a smart plan:
- File your return right away to stop the late-filing penalty.
- Pay what you can, even if it’s not the full amount. Addressing unpaid tax promptly is crucial to avoid additional penalties.
- Use the IRS’s payment plan options like:
- Installment agreements, which allow you to pay your taxes in installments and can mitigate penalties.
- Offer in compromise
- Temporary delay for hardship cases
When you file with ezTaxReturn, we’ll help you figure out exactly how much you owe and what to do next.
Can’t Pay Right Now? You Still Need to File
Many taxpayers put off filing because they’re afraid they can’t afford the bill. But here’s the truth: Filing is separate from paying — and filing first actually helps you avoid bigger penalties.
The IRS offers relief options for those experiencing financial hardship, and first-time penalty abatement may be available if you’ve been compliant in previous years.
ezTaxReturn makes it easy to file now and sort out payments later. We’ll help you get in compliance fast.
Negotiating with the IRS
If you owe taxes, negotiating with the IRS can help you manage your tax debt. One option is an offer in compromise, where the IRS agrees to settle your tax liability for less than the full amount owed under certain circumstances, such as doubt as to liability or collectibility. To request an offer in compromise, you can file Form 656: Offer in Compromise.
The IRS will review your application and make a decision based on your financial situation and other factors. If you’re experiencing financial difficulties, you can also request a temporary hardship suspension of collection activity. The IRS offers various options for those unable to pay their tax bill in full, including installment agreements and currently not collectible status.
It’s important to be aware of the consequences of not paying your tax bill, including additional penalties and interest. Negotiating with the IRS can help you resolve your tax debt and avoid further penalties and interest.
Be Cautious of Tax Scams
When you’re behind on your taxes, you may be more vulnerable to scams. Watch out for:
- Fake IRS calls demanding immediate payment
- Threats of arrest or lawsuits
- Emails or texts claiming to be from the IRS
The IRS usually sends a notice through the United States Postal Service (USPS) for official communications.
Remember: the IRS will never contact you via phone, email, or social media asking for payment. To stay safe, always use trusted, secure tax software like ezTaxReturn.
Plan Ahead So You Don’t Miss Next Year
Missing the tax deadline once is understandable — but you can avoid the stress next time with a little planning:
- Set calendar reminders or phone alerts
- Keep your tax documents in one place
- Start your return early with ezTaxReturn (we store your info for next year!)
- Consider filing as soon as you receive your W-2s and 1099s
It’s important to plan for the tax year and be aware of the deadlines associated with it.
Being proactive will save you time, money, and a major headache. Remember, extensions must be requested by the original deadline.
Final Thoughts: You Missed the Deadline — Now Let’s Fix It
Missing the tax deadline isn’t the end of the world, but it is something you should act on right away. Whether you’re due a refund or owe money, filing now is the smartest move you can make. Filing as soon as possible can help minimize penalties and reduce any financial repercussions for late submissions.
At ezTaxReturn, we make it fast, easy, and affordable to file late returns and catch up — with step-by-step guidance and support built right in.
Don’t delay. File your taxes today with ezTaxReturn and get back on track.
The articles and content published on this blog are provided for informational purposes only. The information presented is not intended to be, and should not be taken as, legal, financial, or professional advice. Readers are advised to seek appropriate professional guidance and conduct their own due diligence before making any decisions based on the information provided.
