The clock is ticking, and the April 15th tax filing deadline is fast approaching. If you haven't filed yet, now is the time to act! Delaying your filing could result in hefty penalties, interest charges, and stress. But don’t worry - Tax Resolution Accounting is here to help you file taxes on time and avoid common mistakes.
The IRS imposes two primary penalties for late filing:
Failure-to-File Penalty: A common penalty for not filing on time, typically 5% of your unpaid taxes per month, up to a 25% maximum.
Failure-to-Pay Penalty: A penalty of 0.5% per month of unpaid taxes, also up to 25%.
*If you don’t owe taxes, you won’t face a penalty for filing late, but you could delay receiving your tax refund.
If you’re rushing to file, here’s what you need to do:
At Tax Resolution Accounting, we specialize in making tax preparation stress-free. Whether you need to file your taxes, set up a payment plan, or strategize your tax-saving opportunities, we’re here to guide you every step of the way.
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Book your appointment today and
get your taxes filed on time!
