РІвЂ“В Can I still request an extension to file my tax return? Here are some questions and answers about filing after the tax deadline: The plan can extend for as long as 60 months.Р”В®ven if you owe more than $50,000, the agency will probably be agreeable to a payment plan. If you owe less than $50,000, you can apply online. If you canРІР‚в„ўt afford to pay taxes you owe right away, you should file and pay what you can, said Vladislav Lapochkin, an enrolled agent, or federally authorized tax preparer, in Las Vegas. The agency will then assess taxes based on your income, but without itemized deductions.

may file a РІР‚СљsubstituteРІР‚Сњ return, prepared using documents that it receives from employers and other sources. ItРІР‚в„ўs also possible that if you donРІР‚в„ўt file, the I.R.S. Then you will owe both the taxes and the accompanying penalties. РІР‚СљFile,РІР‚Сњ she said, РІР‚Сљand get that money back.РІР‚СњР”Р„nother reason to file the return is that while you may not think you owe taxes, the I.R.S. Waiting to file if you are owed a refund makes little sense because the I.R.S. You have three years from the original due date to file and claim your refund, Ms. But if you are owed a refund, you canРІР‚в„ўt claim it until you file your return. Those who donРІР‚в„ўt owe taxes donРІР‚в„ўt have to worry - thereРІР‚в„ўs no penalty due. received about 150 million individual tax returns, while about 1.1 million people did not respond after the agency notified them that it had not received a return. did not have the number of late-filed returns for this year immediately available, but the agency said the vast majority of people file and pay their taxes on time. РІР‚СљIt racks up really fast,РІР‚Сњ she said, РІР‚Сљso you donРІР‚в„ўt want to put it off.РІР‚Сњ In contrast, the РІР‚Сљfailure to payРІР‚Сњ penalty is just one-half of 1 percent.

Even if you canРІР‚в„ўt pay what you owe, you should still file as soon as possible because thereРІР‚в„ўs a РІР‚Сљfailure to fileРІР‚Сњ penalty of 5 percent a month of the amount owed, up to 25 percent, she said. The longer you wait, the more penalties and interest pile up.

Missed deadline to file extension 2016