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What happens if i send in my taxes after the deadline?

13 August 2009 4 Comments

Well i own my own business and i had to send in my tax forms and i forgot so i am sending them in today. Is there a penalty for sending in my taxes late?

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  1. I forgot to mention an income on my taxes and I received the refund. How do I correct my mistake?

4 Comments »

  • v b said:

    If you had to send a check with your tax return yes. There is a 5% per month failure to file penalty.

    # 15 August 2009 at 6:32 pm
  • BLCOHEN529 said:

    The penalty would have been less severe had you timely filing your chances of your chances of being audited next year.
    An extension and paid portion of your chances of being audited next year.

    # 17 August 2009 at 8:49 pm
  • chatsplas@sbcglobal.net said:

    If you get a refund, no problem. If you owe, they could, but if it’s just one day, then probably OK.

    # 19 August 2009 at 9:19 pm
  • StephenWeinstein said:

    If you owe, yes. If you are entitled to a refund, no.

    # 21 August 2009 at 12:13 am

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