Avoid IRS Penalties: Act Now on Tax Deadline
Dallas News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Dont miss the April 15th federal tax filing deadline! Failure to file triggers a 5% monthly penalty, capping at 25%, plus daily interest. Ignoring the deadline can lead to IRS notices, substitute returns, and penalties like wage garnishment, bank levies, or liens. For back taxes, penalties and interest accumulate monthly, but the IRS offers payment plans and Offers in Compromise. Request an extension by October 15th, but pay any owed amount by April 15th to avoid extra charges. Act now to explore options and minimize damage.
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