Tax Tip 2023-54: Missed the Tax Day deadline? Here’s what taxpayers should do
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Issue Number: Tax Tip 2023-54
Missed the Tax Day deadline? Here’s what taxpayers should do
Taxpayers who missed the recent April filing and payment deadline should know their obligations and the possible consequences if they don’t file or have an overdue tax bill.
Taxpayers who owe tax
Filing soon is very important because the late-filing and late-payment penalties and interest on unpaid taxes add up quickly. Some taxpayers filing after the deadline may qualify for penalty relief. For those charged a penalty, they may contact the IRS by calling the number on their notice and explain why they couldn’t file and pay on time.
Taxpayers who have a history of filing and paying on time often qualify for administrative penalty relief. A taxpayer usually qualifies if they have filed and paid promptly for the past three years and meet other requirements. For details, taxpayers should visit the first-time penalty abatement page on IRS.gov.
If taxpayers find that they owe taxes, they can review their available payment options. The IRS has options for taxpayers who can’t pay taxes they owe. Information on reducing the amount of interest owed is on the interest abatement page of IRS.gov.
Military personnel can still use MilTax
Some taxpayers have extra time
Taxpayers who weren’t required to file
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