|
 |
What if I do not file my taxes on time?
Author: Ted Farley
Website: http://www.Tax-FAQ.com
Added: Sun, Jul 23, 2006 17:52:28
Category: Tax Questions
|
|
If you forget to file on or before the due date (usually April 15 of every year) you should file as soon as you can. Not filing on time costs you penalties and interest. Usually a 5% interest on taxes not paid will be added onto your tax until it accumulates to 25%. Also, there is usually a separate charge if you do not file on time. If you fail to file a tax return at all (when you owe taxes) you can go to jail.
keywords: Taxes | Tax | Tax Penalties | Interest | IRS About the Author:
Ted Farley answers frequently asked tax questions at PrettyGreatAnswers.com.
--- Grab the Feed for related Questions and Answers. If you'd like to use our questions and answers on your website for content, we've created a simple free tool you can use to create a custom RSS Feed! ---
More
|
|
|
|
|
