How Do You Know If It’s Too Late to File Your Taxes? | Axiom Tax Resolution Group

Have you been behind on taxes for a while now? You might be wondering whether it will be alright for you to file your taxes despite how late it is for you. Even if you are late, as long as you comply with the IRS, there will be a way for you to file your taxes.

Will I Be Penalized If I File My Taxes After the Deadline?

For a good gauge, any taxes filed past the deadline and did not get an extension will be considered late. Whatever happens to you as a taxpayer who is behind on taxes will depend on various factors. The IRS has to consider how long you have not been filing taxes, how much you owe them, and your ability to pay your balance.

To make the answer brief, the IRS will call on you so that you can file your taxes. Failure to do so will result in a penalty for late filing of taxes. The amount to be paid would eventually include fees, interests, and liens. If you don’t address the issue immediately, you could find yourself getting charged for tax evasion.

If you’re worried about getting penalized, don’t worry. As long as the taxpayer takes the necessary action, the IRS will allow them to pay without much fuss.

What Will Happen If I Can’t File My Taxes Because of Low Funds?

Filing for taxes can benefit you even if you do not have the means to pay the entire bill. This might be new knowledge for some people, but filing your taxes can qualify you for various tax relief options offered by the IRS. By the time you get approved for relief, the penalties will stop accumulating, provided that you comply with the terms of the agreement.

Late taxpayers who need tax relief solutions can benefit from various options, such as Offer In Compromise (OIC), Installment Agreement (IA), and Currently Not Collectible status (CNC). These options can help decrease your total bill, put your payments on hold, or give you more time to pay your balance in increments.

Most taxpayers are qualified for at least one of the options mentioned above. However, remember that the IRS will only consider your application if you have filed all your previous due returns.

Is It Still Possible to File My Taxes Even If I’m Late?

Late filing of taxes is much better than not filing at all. When you do the latter, the IRS will continuously add up your penalties and fees. If you fail to file, you will also extend your liens and garnishments since the amount you owe will already be more than your original tax bill.

If you are late, it is advisable to file your taxes within two months of the due date. By this time, you’ll be capped at paying a maximum of 25 percent of your overall tax bill. If you go beyond that, the IRS will add fines that amount to 100 percent of your bill.

If you will file taxes late, the best course of action to avoid penalties is to apply for an extension before the tax deadline. The extension given to you can range between 30 days to six months, depending on your case. However, you must keep in mind that you must pay 90 percent of your balance by the time the deadline comes.


As mentioned above, it is always better to file late for taxes than to not file at all. You can easily avoid making the IRS resort to liens, levies, and more by filing as soon as possible. If all of this seems overwhelming to you, don’t worry. A tax resolution specialist can guide you through the entire process.

At Axiom Tax Resolution Group, we offer tax resolution services to Birmingham, AL locals who need our help. Our company will readily provide the most appropriate permanent solution to your tax problems with the IRS. For inquiries, contact us today.