Consequences of Missing the Tax Deadline: A Financial Analysis
Tuesday, 16 April 2024, 10:00
Consequences of Missing the Tax Deadline
Missed the tax-filing deadline? Read on to see why the sooner you can submit your return, the better.
Why Filing Promptly is Essential
- Penalties: Being late with a tax return can lead to penalties.
- Refund Delay: Delaying your return means prolonging the IRS refund process.
Why Filing Promptly is Essential
- Request an extension: Always best to request an extension when unable to meet the deadline
- Don't miss a refund: Quickly filing ensures you receive your refund sooner.
- Penalties for Owing: Filing late incurs penalties when you owe the IRS money.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.