Things You Should Know about Filing Late and Paying Penalties

Art - Income TaxIf you are due a refund there is no penalty if you file a late tax return. If you owe tax, and you failed to file and pay on time, you will most likely owe interest and penalties on the tax you pay late.

April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe.

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