Late Tax Filing FAQ > Late Filing Penalties

Will I have to pay a penalty for filing late? You only have to pay penalties for filing late if you owe taxes. If you are due a refund you won’t have to pay any penalties at all.
What kinds of penalties are there? If you owe the IRS taxes, you will have to pay a failure-to-file penalty, a failure-to-pay penalty, and interest on the amount owed. All three are ass...
Should I still file taxes from a prior year if I owe? Yes, absolutely. Every day that your prior year return goes unfiled and your taxes remain unpaid, penalties and interest accrue on your tax debt. The ...
What if I cannot pay all of my prior year taxes? Remember that the failure-to-file penalty is much larger than the failure-to-pay penalty, so it makes sense to file even if can’t pay. Priortax enable...