Page 23 - Missed Tax Deadlines Guide

Missed the Tax Day

deadline?

Taxpayers who missed the recent April filing
and payment deadline should know their

obligations and the possible consequences if
t
they don? file or have an overdue tax bill.

Taxpayers who owe t ax

- Tax owed and not paid by April 18,
2023, is subject to penalties and
interest. Anyone who didn't file and
owes tax should file a return as soon as Here's what taxpayers
they can and pay as much as they can
to reduce penalties and interest. should do!
Electronic filing options, including IRS - Taxpayers who have a history of
Free File, are still available on IRS.gov filing and paying on time often

through October 16, 2023, to prepare qualify for administrative penalty
and file returns electronically. relief.
- Filing soon is very important because - A taxpayer usually qualifies if they
the late-filing and late-payment have filed and paid promptly for
penalties and interest on unpaid taxes the past three years and meet
add up quickly. Some taxpayers filing other requirements.
- For details, taxpayers should visit
after the deadline may qualify for
the first-time penalty abatement
penalty relief. For those charged a
page on IRS.gov.
penalty, they may contact the IRS by
- If taxpayers find that they owe
calling the number on their notice and
taxes, they can review their
explain why they couldn't file and pay
available payment options.
on time. - 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.

/!\ More informat ion

- For more information on federal taxes
please visit IRS.gov. /!\