What Happens If You Miss a Tax Deadline

Missing a deadline isn't ideal, but it's not the end of the world. Here's what to expect and do:

Consequences of Late Filing

1. Late Filing Penalty

2. Late Payment Interest

3. Additional Penalties

For extended delays:

What to Do If You Miss a Deadline

Step 1: Don't Panic

One missed deadline won't ruin you. Take action quickly.

Step 2: File ASAP

Submit your return as soon as possible. Every day counts.

Step 3: Pay What You Owe

Include any interest/penalties calculated.

Step 4: Document Everything

Keep proof of when you filed and paid.

Reducing Penalties

In some cases, you may be able to reduce penalties:

Prevention is Better

To avoid future missed deadlines:

When to Seek Help

Consult a tax professional if: