1 result for tag: Later Tax Returns


Big Mistake: Filing Your Tax Return Late

Parts of this article are published with permission from Bradford Tax Institute, © 2021 Daniel Morris, Morris + D’Angelo What’s Late? You are allowed to extend your tax return and file during the period of extension; that’s not a late-filed return. A late-filed return is filed after the last extension has expired. this is what could undesirably cause Three Bad Things to happen. Three bad things happen when you file your tax return late. Bad Thing #1 The IRS notices that you filed late or not at all. Of course, the “I didn’t file at all” people receive the IRS’s “come on down and bring your tax records” ...