General Question

SergeantQueen's avatar

What do I do if I haven't filed my taxes yet?

Asked by SergeantQueen (13130points) April 26th, 2023

Can I just file them?

Observing members: 0 Composing members: 0

17 Answers

jca2's avatar

If you’re getting money back, there’s no penalty and you can file them years late. I do and always have because I always get money back, except for one year.

Just file them and if you owe, you’ll have to pay a fee and interest, but if you have money coming back, no penalty.

SergeantQueen's avatar

I’ve never had to owe so I don’t think I do.

LuckyGuy's avatar

I agree with @jca2. Just file them now. There is no penalty if you are getting a refund. The penalty if you owe is small. .
If you had some complications for some reason you can ask for an extension until Oct 15, but it’s not worth the effort. just pretend today is April 1 and send them in.

JLeslie's avatar

The jellies above are correct. If they owe you it won’t be a big deal and there is no penalty. Just go ahead and file. If you owe them a little it’s only a couple of weeks late, the penalty will be minimal. Just go ahead and do it.

Can you fill it in yourself? Do you have very simple taxes? I don’t want you to pay $100 for someone to write it up if you are only getting back $50.

You can print the form from the IRS website. Do you have your W2 and 1099’s?

elbanditoroso's avatar

If you owe $$, you’ll get knocked for a small percentage penalty. If you don’t owe, then no hurry.

JLeslie's avatar

There is SS and income tax. If you are paid through payroll (you received a W2 in January) your SS is taken care of by your deductions from your check most likely. The income tax aside from that is more unsure, depending on how you filled out your original W4.

If you are paid as a self contractor and get a 1099 in January, do not wait! File your taxes ASAP.

SnipSnip's avatar

I assume you filed for an extension. Now get some help and prepare and file your return.

jca2's avatar

@SnipSnip An extension is not necesary if she is getting money back.

SnipSnip's avatar

@jca2 She didn’t say if she was getting a refund or not.

Caravanfan's avatar

Deadline this year is now in October.

Incoherency_'s avatar

Canada’s less than 300 miles away. ;)

JLeslie's avatar

@Caravanfan That’s the deadline for people who filed extensions, but really if the IRS owe’s her she has up to 3 years to file. Assuming that law hasn’t changed recently.

jca2's avatar

@SnipSnip No, she didn’t say whether she was getting a refund or not but based on what I know of her employment situation, she is not owing.

If she does owe and she didn’t file for an extension, there’s nothing she can do about that now except file her taxes soon and her penalty and interest will be low.

JLeslie's avatar

Even with an extension if you owe too much you get dinged with interest and penalties. The extension is for the paperwork, not really for the money. Not when you owe.

Most likely @jca2 is correct. Most people who make a lowish wage get back money. Especially, if they fill out their W4 to match their actual situation. I used to put I had dependents so I would owe, but very few people know they can do that and most people prefer getting money at the end of the year. I grew up when bank interest was high, so holding onto your money was really worth it, even just sitting in a bank account.

Blackwater_Park's avatar

It’s in your best interest to file ASAP

Call_Me_Jay's avatar

File. Do the paperwork! ASAP! It’s easy and probably free.

I say this as someone who neglected my taxes when I was self-employed, so I wasn’t making regular payments via paycheck deductions.

It was expensive and it cost me some job opportunities.

You can file cheaply and maybe free online. I have used both freetaxusa dot com and turbotax dot com and they do a great job of completing your return by asking a series of questions about your income and expenses.

Just do it. Pay the penalties (which increase every month) and square up.

By the way in the USA the penalty for late filing (4%/month) is ten times times the penalty for PAYING late (0.4%/month).

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