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esulalb
Returning Member

Late tax return filing

Hello

 

I am filing my taxes for 2020. I thought that  the extension was till Jul 15 (similar to 2019), my bad.

Is there any forgiveness for first time filing tax return late?

Is there any forms I need to add in my turbo-tax filing before I submit and pay my due taxes.

BTW, I have balance to pay so I am trying to see if there any forgiveness for first time filing.

Thanks 

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4 Replies

Late tax return filing

you could ask for forgiveness of the late filing penalty but if it is a small penalty you used up your one time abatement.

The late payment interest must be paid, by law.

Late tax return filing

IRS is so far behind processing, you would wait months for a response.

esulalb
Returning Member

Late tax return filing

hello

How can I ask for forgiveness? 

Will the forgiveness all the penalty and the 5% interest?  

my total penalty will be high (>1000$).

 

Late tax return filing

Once you receive a notice charging you a penalty and interest,

 

Call the Toll-free Number on Your Notice.

 

Is the information on your notice correct? If there is an issue you can resolve with your notice, a penalty might not be applicable. Call the toll-free number on your notice either to resolve the issue with your notice or to determine if you are eligible for First Time Penalty Abatement or other administrative waiver.

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