The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Tax 2020: if you are late filing your tax return, you can pay more

Late taxpayers must file their tax returns as soon as possible, otherwise the amount of fines and interest due will rise, warns the US Internal Revenue Service (IRS). Fines and interest apply to taxes due after July 15, recalls Fox Business.

Photo: Shutterstock

This year, the deadline for paying taxes has been extended from April 15 to July 15. The IRS is now warning some late taxpayers to file their tax returns now or face a larger bill in the future.

The tax agency recalled that fines and interest will apply to taxes payable after July 15. And even if an individual cannot pay the full amount of their taxes, they should still file a tax return as soon as possible to reduce penalties.

Fines and interest begin to accrue immediately. This is a penalty of 5% of the unpaid taxes each month, up to a maximum of 25%. The penalty for late payment of taxes is 0,5% of the amount you owe monthly, but no more than 25%. If both penalties are due in the same month, the penalty for failure to pay the penalty is reduced to 0,5%.

The fastest way to pay is electronically, and taxpayers will receive immediate confirmation.

On the subject: Defaulters cheated on billions of dollars by IRS: why don't they punish

People who are entitled to a tax refund do not have to pay any fines, but they will not receive their money until they file a return.

The IRS also noted that there are taxpayers eligible for additional time to file and pay without penalties and interest, including military personnel who served or are in the war zone, support personnel in war zones and some victims of natural disasters. disasters.

People who have a history of filing and paying taxes on time are often eligible for a penalty waiver, the IRS said.

Miscellaneous In the U.S. taxes in the USA taxes 2020 Special Projects

Read also on ForumDaily:

Just about the difficult: answers to the main questions about the 2020 elections

Second round of help with coronavirus: who and how much can get

Millions of parents in the US cannot return to work due to closed schools and kindergartens

4 states provide federal citizenship with driver’s license information

Let's face the crisis together and support each other

Thank you for staying with us and trusting! Over the past 5 years, we have received a lot of grateful feedback from readers, whom our materials have helped to arrange life after moving to the USA. We have big plans, we don't want to stop or slow down the pace of work. Even now…

The COVID-19 pandemic has negatively affected our income, and in order to stay afloat, we have to ask YOU for support. We will be grateful for any amount and will make every effort to continue to publish news and a lot of useful information just as quickly.

Thank you for being with us!

Always yours, ForumDaily! WomanForumDaily, NewYork, ForumDaily!

Security of contributions is guaranteed by the use of the highly secure Stripe system.

Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the "Display Priority" option and read us first. And don't forget to subscribe to ForumDaily Woman and ForumDaily New York - there you will find a lot of interesting and positive information.



1050 requests in 2,259 seconds.