What’s the Penalty for Filing Taxes Late in the US – BookkeeperLive
Filing taxes can be a complex task, and sometimes, despite our best efforts, the deadline sneaks up on us. But what happens if you miss the tax filing deadline in the US? Here’s a breakdown of the potential penalties in clear and simple terms:
The Penalty for Late Filing: The Internal Revenue Service (IRS) charges a fee for returns submitted after the due date (typically April 15th for individuals).