April 15 was the last day to file tax return for most people. If you are due a refund there is no penalty even if you file a late tax return. But if you have a balance to pay, and you failed to file and pay on time, you will usually owe interest and penalties on the tax you pay late. You should file your tax return and pay your balance as soon as possible to stop them. Below are eight facts that you should know about these penalties. 
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Monday, June 1, 2015
What you need to know about Late Filing and Late Paying Penalties
April 15 was the last day to file tax return for most people. If you are due a refund there is no penalty even if you file a late tax return. But if you have a balance to pay, and you failed to file and pay on time, you will usually owe interest and penalties on the tax you pay late. You should file your tax return and pay your balance as soon as possible to stop them. Below are eight facts that you should know about these penalties. 
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