The National Directory of Certified Public Accountants

Ask A CPA - Late Filing

Should I File My Tax Return By April 15th, Even If I Can'T Pay?

Yes. There are different penalty and interest calculations incurred for not filing timely, not paying and not paying timely, or when a balance due exists. You will want to avoid the failure to file by the due date when a balance due exists penalty. Therefore, file the tax return by the current years due date, April 15th 20XX, and pay whatever you can at that point in time to minimize your total penalty and interest calculations.

If you need professional help with "Late Filing" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.