The deadline for filing federal tax returns was April 18, but there are people who might have accidentally missed the deadline. If a person asked for a filing extension then they are not late, but if they didn’t then they need to take immediate steps to remedy the situation to avoid getting into more trouble. People who are late in filing their tax returns will probably owe interest and penalties. The longer a person waits to file a late return the more their penalties could stack up. It may be possible to get the IRS to waive some or all of the penalties if a person can show they had a good faith reasonable cause for their failure to file on time. Filing as soon as possible can also allow people to recoup their refund. It is a good idea to file electronically to save time in the process.
See Barbara E. Weltman, You Missed the Tax Return Deadline: Now What?, Investopedia, April 19, 2016.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
