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This penalty maxes out after five months, but if your return is more than 60 days late, you’ll pay a minimum of $100 to $485, or 100% of the underpayment, depending on when the return was due ...
As of May 2023, the IRS had 4.2 million unprocessed returns, including 2022 returns, 2021 returns filed late and amended returns. Read: What To Do If You Owe Back Taxes to the IRS
After you file, you can check your refund and return status on the IRS website. Your refund status will be available: 24 hours after you e-file a current year return
The IRS begins accepting your 2024 tax returns today, ... For simple returns, free options like IRS Free File or Direct File may suffice. ... If you're due a refund, you can check its status 24 ...
Not only are electronically filed tax returns able to be processed faster, the IRS will flat-out reject a return you submit that has obvious errors, giving you a chance to make corrections right away.
Unfiled tax returns and unpaid taxes can add up to trouble. Like most people, you probably don't relish preparing your annual income tax returns. But what happens if you don't file your taxes ...
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