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What Happens If I Don’t File Tax Returns?

If you don't file your tax returns, the IRS can assess a failure-to-file penalty. The penalty is 5% of the unpaid taxes for each month or part of a month that a return is late. The maximum penalty is 25%. If you file your return more than 60 days after the due date or extended due date, the minimum penalty is $205 or 100% of the unpaid tax, whichever is less. In addition to the failure-to-file penalty, you'll also owe interest on any unpaid taxes. The interest rate is currently 5%.

The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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