Avoiding Tax Trouble: How to Get Your Late Returns in Order!

Missed the tax filing deadline? Stay calm, but take action. The IRS imposes a 5% penalty monthly on unpaid taxes, accumulating up to 25%. If you’re due a refund, no penalty applies—but claim it within three years. Explore options like installment agreements or Low Income Taxpayer Clinics for assistance. Avoid scams promising quick fixes. File your return even if you can't pay in full, communicate with the IRS, and document everything. Proactive steps now can prevent escalating issues later. Don't ignore your tax responsibilities.