The late filing penalty for taxes can be costly, as the deadline for paying any individual income tax you owe is April 15. Missing this deadline may result in a 5% penalty per month on unpaid taxes, plus interest. Additionally, if you file late but don’t owe taxes,...
Missing the deadline for late tax filing, whether for submitting your federal tax return or paying the taxes you owe, can result in penalties from the IRS. These penalties aren’t just a slap on the wrist—they can quickly add up to hundreds, or even thousands, of... 
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