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April 15, 2024: The deadline for filing your individual tax return for the 2023 tax year. Make sure to submit your return by this date to avoid penalties. Make sure to submit your return by this ...
Reach out to your 1099 payers if you don’t get your 1099 statements by early February, or call 800-TAX-1040 for assistance. ... Otherwise, you could face penalties. You can also make 2023 ...
The penalty for not filing on time depends on how late your return is. The fine for filing up to 60 days late can be as much as 5% of your unpaid taxes each month or part of a month that you are ...
The failure-to-file penalty is 5% of the tax owed each month your return is late, up to a maximum of 25%. If you file but do not pay, you will be charged just a 0.5% penalty on what you owe each ...
If both the failure to file and the failure to pay penalties apply during the same month, then the failure to file penalty is reduced by 0.5% each month. The 25% cap above applies to the 5% late filing penalty and the 0.5% late payment penalty together. The late filing penalty may be waived or abated on showing of reasonable cause for failure.
Sept. 15: Self-employed workers must have their third-quarter 2023 estimated tax payment postmarked by this date to avoid IRS penalties. October 16: If you were granted a filing extension, your ...
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