File as soon as possible if you've missed the deadline, which can help minimize penalties and interest. Late filing penalties start at 5% per month of the unpaid balance but can go as high as 25%.

If a return is more than 60 days late, the IRS imposes a minimum penalty of 50 or 100 percent of the tax owed, whichever is less. For taxpayers who owe and do not pay by the due date, a separate ...

If you haven't yet filed, the IRS is warning you to do so before Tuesday, or face stiff late-filing penalties. Here's what you need to know and do before Tax Day 2025. Filing your taxes late this ...

Filing your tax return late if you owe money to the IRS can be an expensive proposition. Not only could you face penalties for filing late but you will also face late payment penalties and ...

You can apply online, and if you can show "reasonable cause" for late or partial payments, you might avoid some penalties. The main thing is to communicate with the IRS early, so you stay in good ...

The Internal Revenue Service (IRS) penalties for late filing depend on whether you owe money or are expecting a refund. If you are in the latter case, there is no penalty, but you will receive the ...