{"id":2578,"date":"2023-06-19T10:03:00","date_gmt":"2023-06-19T10:03:00","guid":{"rendered":"https:\/\/acmmconsulting.com\/?p=2578"},"modified":"2025-05-31T23:58:26","modified_gmt":"2025-05-31T23:58:26","slug":"special-options-available-to-help-taxpayers-who-missed-the-april-deadline-people-encouraged-to-file-pay-by-june-14-to-avoid-larger-penalties-and-interest","status":"publish","type":"post","link":"https:\/\/acmmconsulting.com\/en\/special-options-available-to-help-taxpayers-who-missed-the-april-deadline-people-encouraged-to-file-pay-by-june-14-to-avoid-larger-penalties-and-interest\/","title":{"rendered":"Special options available to help taxpayers who missed the April deadline; people encouraged to file, pay by June 14 to avoid larger penalties and interest"},"content":{"rendered":"

The Internal Revenue Service today encouraged taxpayers who owe unpaid taxes and missed the April 18 tax deadline to file their 2022 federal income tax return and pay any tax due by Wednesday, June 14, to avoid a larger late-filing penalty.<\/p>\n

Penalties and interest can grow quickly. The IRS reminded taxpayers about important payment programs that can help as well as the availability of special first-time penalty abatement relief for those who qualify.<\/p>\n

Normally the late-filing penalty for each month — or part of a month that a return is late — is 5% of the unpaid tax, up to a maximum of 25 percent. The late-filing penalty will stop accruing once the taxpayer files.<\/p>\n

But, by law, if a return is more than 60 days late, the minimum late-filing penalty, also known as a Failure to File penalty, is either $450 or 100% of the unpaid tax, whichever is less. This means the penalty will equal the tax due if the taxpayer owes $450 or less. If they owe more than $450, the minimum penalty will be $450.<\/p>\n

The IRS must\u00a0receive<\/strong>\u00a0the return by June 14; returns mailed on that date normally won’t avoid the larger penalty. For that reason, the IRS recommends taxpayers\u00a0file electronically<\/a>\u00a0by June 14.<\/p>\n

In addition, taxpayers can limit late-payment penalties and interest charges by paying their tax electronically. The fastest and easiest way to do that is with IRS\u00a0Direct Pay<\/a>, a free service available only on IRS.gov. Several other electronic payment options are also available. Visit\u00a0IRS.gov\/payments<\/a>\u00a0for details.<\/p>\n

Late-payment penalties and interest will stop accruing as soon as the tax is paid. The taxpayer need not figure any of these charges. Instead, the IRS will bill them for any amount due.<\/p>\n

Taxpayers can review information on the\u00a0Failure to File<\/a>\u00a0and the\u00a0Failure to Pay<\/a>\u00a0penalties by visiting\u00a0IRS.gov\/penalties<\/a>.<\/p>\n

There are many important provisions that can help taxpayers in these situations.<\/p>\n

Penalty relief for some<\/h2>\n

Taxpayers who have filed and paid on time and have not been assessed any penalties for the past three years often qualify to have the penalty abated. See the\u00a0First-Time Penalty Abatement<\/a>\u00a0page on IRS.gov. A taxpayer who does not qualify for this relief may still qualify for penalty relief if their failure to file or pay on time was due to reasonable cause and not willful neglect.<\/p>\n

Anyone who receives a penalty notice from the IRS should read it carefully and follow its instructions for requesting relief. See\u00a0Penalty Relief<\/a>\u00a0on IRS.gov for the types of penalty relief and how to make the request.<\/p>\n

In addition to penalties, interest will be charged on any tax not paid by the April 18 due date and any subsequent penalties.\u00a0Interest<\/a>\u00a0stops accruing as soon as the balance due is paid in full. By law,\u00a0interest abatement<\/a>\u00a0is not an option for reasonable cause or as first-time relief.<\/p>\n

Options if unable to pay what’s owed<\/h2>\n

Many taxpayers mistakenly delay filing because they are unable to pay what they owe. Often, these taxpayers qualify for one of the payment options available from the IRS.<\/p>\n

Individual taxpayer’s\u00a0online payment plan options<\/a>\u00a0include:<\/p>\n