Forgot to file Tax of last year(2016) as this is 2017 tax filing season - Sajha Mobile
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Forgot to file Tax of last year(2016) as this is 2017 tax filing season
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Apthyaromafalekofarsi
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Hi, Last year I forgot to mail the documents compiled by Sprintax for the tax return of the year 2016, is there a way to file it this year?
maxpayne
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Easy route would be to buy one of the accounting software and file. They sell it for past year. Hard way is to research on irs.govand file yourself, if its simple return, shouldnt be hard, you will still get your refunds.
http://bfy.tw/HEYP
collegefootballrocks
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You can file now for the last year too if you are getting some returns....if you have to pay, then it is bit late as you may have to pay the late fee...I am not an expert though, just telling you what i know....
STUPIDA
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I filed my last year (2016) tax return in end of January 2017 using TaxAct. I had to pay little extra than what you would normally pay for regular years. Got returned in about 4 weeks through check. I knew I was getting back refund.
If you owe, IRS might add late fee and I know they will add interest at normal rate.
s001
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You have 3 years to file a return if you are expecting a refund. If you don't file by then, the U.S. Treasury simply keeps your "donation."

If you owe taxes, it's recommended to file as soon as possible.

The IRS applies late penalties and interest on a case-by-case basis and will send a separate bill if penalties apply.

Because the IRS has the last word on penalties, we can't calculate the exact amount if your return is late. But the info below will give you an idea of what to expect in a worst-case scenario (courtesy of IRS Tax Topic 653).

No penalty if you're getting a tax refund.
However, you must file your 2017 taxes by April 18, 2021 (or October 16 of 2021, if you filed an extension). After that, any unclaimed tax refunds get turned over to the U.S. Treasury.
No penalty if you file by October 16, 2018, provided you filed an extension and paid your tax bill by April 17, 2018.
Late filing penalties apply if you owe taxes and didn't file your return or extension by April 17, 2018, or if you filed an extension but failed to file your return by October 16, 2018.
The late filing penalty is 5% of the additional taxes owed amount for every month (or fraction thereof) your return is late, up to a maximum of 25%.
If you file more than 60 days after the due date, the minimum penalty is $205 or 100% of your unpaid tax, whichever is less.
Late payment penalties apply if you didn't pay taxes owed by April 17, 2018, regardless of whether you filed an extension or not.
The late payment penalty is 0.5% (1/2 of 1 percent) of the additional tax owed amount for every month (or fraction thereof) the owed tax remains unpaid, up to a maximum of 25%.
For any month(s) in which both the late-payment and late-filing penalties apply, the 0.5% late-payment penalty is waived.
Interest (compounded daily) starts accumulating on unpaid taxes one day after the due date of the return, until the bill is fully paid off. The current interest rate is 4.18% (3% on top of the federal short-term rate of 1.18%) and is subject to change.
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