You should file your returns for both tax years to make sure the irs doesn t get to keep your tax refund check.
What if i haven t filed taxes in years.
For each return that is more than 60 days past its due date they will assess a 135 minimum failure to file penalty.
4 steps if you haven t filed your taxes in a while.
My income is modest and i will likely receive a small refund for 2019 when i file.
If the irs owes you money there s no penalty for filing your taxes late.
We have tools and resources available such as the interactive tax assistant ita and faqs.
Haven t filed taxes in 2 years if you are due a refund.
If you need help check our website.
I haven t filed taxes in over 10 years.
For each year that you failed to file a tax return make sure you have your w 2 or form 1099.
But let s be real here.
If you know you re getting money back from the government you re going to get that paperwork done and delivered.
Regardless of your reason for not filing a required return file your tax return as soon as possible.
The failure to file penalty also known as the delinquency penalty runs at a severe rate of 5 up to a maximum rate of 25 per month or partial.
The clock is ticking on your chance to claim your refund.
On the other side of things if you re the one who owes money things can get very ugly very fast.
If the irs thinks you may owe for these tax years you may have received one or more notices from the irs by now.
If you haven t filed your taxes in years here s what you need to know.
I don t own a home i have no investments.