If you missed the April 18 deadline and have not requested an extension to file, you still can file your 2016 tax return.
- File and pay as soon as possible and as much as possible to minimize any penalty and interest charges.
- Make monthly payments through an installment agreement. Those who need more time to pay taxes can apply for a direct debit installment agreement.
- For taxpayers due a refund, there is no penalty for filing a late return.
- File as soon as possible to get a refund. Taxpayers who are not required to file may still get a refund if they had taxes withheld from wages or they qualified for certain tax credits like the Earned Income Tax Credit. Those who don’t file their return within three years could lose their right to the refund.
Taxpayers should keep a copy of their tax return. Beginning in 2017, taxpayers using a software product for the first time may need their Adjusted Gross Income (AGI) amount from their prior-year tax return to verify their identity.
I created this blog to help understand certain basic aspects of U.S. tax law. Of course, each situation is unique and nothing that is on this site will ever replace the expert advice of a tax professional.
Please do not hesitate to contact me should you have any question