Alright, deep breath.
If April 15 came and went while you were binge-watching just one more episode, or maybe you thought you filed… but didn’t… do not worry. You are not the first. You definitely will not be the last.
And no, the IRS will not send a SWAT team to your door.
Here is what actually happens and what you should do right now.
First: File ASAP (Even If You Cannot Pay)
The longer you wait, the bigger the late filing penalty. We are talking 5% per month of the tax you owe. That adds up fast. So get the return filed, even if you do not have the cash to pay yet.
Filing is way less painful than ignoring it.
Second: Pay What You Can
Can’t pay the whole thing? That is okay. Pay something. Anything. The IRS is more chill when they see you are trying.
You can also set up a payment plan online in a few minutes. No awkward phone calls required.
Third: Expecting a Tax Refund? File in Time or Lose It
If the IRS owes you money, you’ve got up to 3 years to file and claim it. But if you wait too long, they keep it. Yes, they just keep your refund like it’s a tip.
Bonus Tip: File a Tax Extension Next Time
Extensions give you until October 15 to file. Not to pay, just to file. So if you know you will need more time, file the extension. It will save you from those nasty penalties.
Let’s Fix It Before It Gets Worse
You’ve got enough going on. Let us handle this for you. We will deal with the IRS, clean up your taxes, and get everything back on track.
Book a quick chat with us and let’s make this easy.
