April 28, 2022

What Happens if You Missed the April Tax Deadline?

What Happens if You Missed the April Tax Deadline? Tax & Business

That all depends.

There are individuals who do not have to file a 2021 return (see Who Should File a Return), or automatically qualify for extra time to file and pay taxes without penalties and interest (see Taxpayers Who Qualify for Extra Time).

If you were supposed to file by April 18th (April 19th for MA and ME residents) and didn’t, and you didn’t file an extension by that date, you will be subject to penalties and interest on any taxes owed. It’s important to file as soon as possible to keep those added costs down, because fees will add up quickly.

There are exceptions, however. If you didn’t file and are a disaster victim, or certain military service member or support person in a combat zone, you may qualify for extra time to file and pay any taxes owed.

The due date for filing a return for taxpayers living overseas is June 15, but any taxes were due by April 18th.

What if I owe but can’t pay?

You may qualify for penalty relief, particularly if it is your first time. Contact the IRS using the number listed on your IRS notice and explain why you couldn’t file and pay on time. The IRS will use your past pay history to determine whether or not you qualify for relief.

You may request an installment agreement or qualify for an offer in compromise.

You may also request an additional 60 to 120 days to pay.

What is I’m missing information in order to file?

File your taxes regardless. You can estimate the wages, IRA, pension and annuity distributions or payments, as well as any taxes withheld. Then use Form 4852 to report this information on your federal tax return.

If you receive the missing or corrected Form W-2 or Form 1099 after filing your return and the information differs from your previous estimate, file Form 1040-X, Amended U.S. Individual Income Tax Return.

How do I determine what penalties I owe?

You can visit the IRS’s Failure to File Penalty page to learn more.

How do I file now that I’m late?

To electronically file, you may use the IRS Free File (if you are eligible), Free File Fillable Forms, commercial software, or an authorized e-file provider.

After October 15, 2022, you will need to prepare and file your 2021 Return via mail, or have your return prepared by an authorized e-file provider.

Remember to pay some or all of your taxes as soon as possible to reduce any penalties or interest. Visit IRS.gov/payments to make a payment.