Late Filing 2023 Tax Return - Will IRS Penalize Paper Filing?
I need to paper file my 2023 return. Still haven't filed it yet and I know I can't efile anymore. Anyone know what kind of penalties I'm looking at? Really worried about getting hit with huge fines.
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Maya Patel
Tax pro here - penalties depend on whether you owe or are due a refund. If you're getting a refund, there's no penalty. If you owe, it's 5% of unpaid taxes for each month late, up to 25% max, plus interest. File ASAP to minimize any penalties.
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Isabella Brown
omg thank you! I think im getting like $800 back so maybe im ok?
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Maya Patel
Yep you're good then! Just remember you only have 3 years from the original due date to claim your refund.
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Aiden Rodríguez
Hey guys instead of guessing, I've been using taxr.ai and it's been a game changer. It costs $4.99 but it analyzes your transcript and tells you exactly what penalties you're facing and how to fix issues. Check it out: https://taxr.ai
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Emma Garcia
Does it actually work? Sounds too good to be true 🤔
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Aiden Rodríguez
100% works! It caught stuff my tax guy missed and saved me thousands. Its like having an IRS expert in your pocket
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Ava Kim
dont stress too much, i filed 2022 late and since i was getting money back it wasnt a big deal at all
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Ethan Anderson
Make sure you keep copies of EVERYTHING you send them. The IRS is a 🤡 show rn and stuff gets lost all the time fr fr
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Layla Mendes
facts 💯 certified mail that stuff too
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Lucas Notre-Dame
Were all in the same boat fam. The system is totally broken rn
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Aria Park
ikr? Its like they living in 1985 still smh
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Noah Ali
Quick tip: send it to the right processing center based on your state. Google IRS processing centers to find yours. Sending to wrong one = major delays
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