If you have missed the income tax deadline and you are worried about what the IRS is going to do to you, then relax because it is not as complicated as it may seem. As long as you provide reason for not filing and make an attempt to pay your tax due then it should be an easy problem to solve.

There are many reasons that taxes are filed late. Most people do not file because they will owe and are not able to make the payment. The IRS recommends that you file your return even if you cannot make the payment. You could be eligible for a payment plan that will have minimal fees compared to penalty charges for not filing your tax return.

Payment Plan

If you are late on filing your return and would like to set up a payment plan then you will need to fill out Form 9465. This form is available online. If you normally use an online tax preparation service such as TurboTax Online then this form is readily available along with instructions and free tax advice.

You may use Form 9465 as long as you do not owe more than $25,000.00 in taxes. If you owe more than that then you will need to fill out Form 433F to request a payment plan. The IRS will then mail you a notification if you are approved for a payment plan.

TurboTax Online can help you file your late return as quickly as possible as well as provide tax advice for your situation.