Here’s how to Avoid IRS Penalties and Interest

Here’s how to Avoid IRS Penalties and Interest

It's important to file your 
tax return by the due date. Avoid penalties and interest 
by filing and paying on time. If you're having trouble, the IRS has options to help. Here are some tips Even if you can't pay in full, it's better 
to file on time and pay as much as you can. If you can’t file your taxes by the 
filing deadline, request an extension. If you meet the extension deadline, you 
won’t see a failure-to-file penalty. Remember that filing an extension gives you 
more time to file, but not more time to pay. You should still try to pay as much as you 
can by the original due date. This will   Help minimize the penalty and interest, 
which is based on the unpaid balance. Find helpful information on 
this topic with these links… For info about what happens if you don’t file on 
time or pay what you owe, visit For details about how the IRS figures interest 
on your unpaid balance, go to Finally, for more information 
about payment options,   Including installment agreements and 
paying online, visit

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