Tag: IRS penalties
What Happens If You File Your Taxes Late?
As a CPA at Lucia & Co. CPAs, I’ve seen firsthand how stressful tax season can be, especially if you’re one of the many who missed the deadline. Whether it’s due to unexpected events, an overwhelming schedule, or simply forgetting, finding yourself past the tax deadline can lead to anxiety and confusion. But you’re not alone. Understanding what happens if you file your taxes late is crucial for anyone facing this situation because there are practical steps you can take to reduce penalties and interest.
We frequently help clients at our San Bernardino and Riverside, CA offices. They ofte…