If you missed this year’s tax deadline, there are still some actions you can take to avoid certain penalties and fees. Speaking with a tax attorney will help you determine what your next steps should be and ensure that you submit the appropriate paperwork to get a refund, if you are owed one, as quickly as possible. A tax attorney at Lance S. Cox in Cincinnati, OH, can walk you through the process and ensure that all tax paperwork is filed accurately and appropriately.

Here’s what you need to do when you have missed your tax filing deadline:

• File Immediately: Even though you are filing late, you can minimize the interest and penalty charges that are incurred every single day that your submission is late. If you are due a refund, be aware that there is no late filing penalty. Keep in mind you have the option to file your federal taxes for free using IRS Free-File which is available through October 15. You can access it on the IRS website. You can also use a software program that provides a service to submit your tax return electronically directly to the IRS.
• Pay All Or Some Of Your Balance: If you owe the IRS money this year and are filing late, it’s generally a good idea to pay some or all of the balance as soon as possible. You will be charged fees and penalties for every day that your payment is late, and the balance will accrue interest. You can set up a payment plan with the IRS if you don’t have all the funds available, or coordinate a lump sum payment online or over the phone.

If you have questions about filing your state or federal taxes, get in touch with an experienced tax attorney at Lance S. Cox in Cincinnati, OH, today. Call the firm at (513) 528-6000 or visit the firm’s website for more information.