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After you file
"Are there any downsides to filing now?"
You will not receive any refunds for those tax years. But if you had self-employment income you are going to owe self-employment tax for Social Security and Medicare. And since you are filing so long past the deadlines you will owe the amounts shown on the forms, and you may end up owing late filing penalties and interest for which the IRS will bill you later.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎August 4, 2024
12:27 PM