| The April 15th deadline has long since passed and a | | | | and all late tax returns now and this will stop any more |
| new filing year is upon us, so where does that leave | | | | penalties and interest from accruing. |
| those who have yet to file their 2007 tax return? If | | | | It is never too late for taxpayers to get late taxes filed, |
| you have not yet filed a tax return with the IRS for the | | | | and the sooner you do this the more money and |
| 2007 tax year, you can still file late your return and | | | | frustration you will save. If you are able to pay the |
| begin to rectify the situation now. Don't worry, you | | | | amount due, you should do so to avoid additional |
| aren't the only one in this predicament, but if you don't | | | | charges that could be added on with some payment |
| take action soon the IRS could be calling you, and | | | | plans. If you are entitled to a refund and have not filed |
| even garnishing your wages. | | | | your tax returns for prior years, there may be no |
| All taxpayers are encouraged to file their tax returns | | | | penalties and interest involved and you may still have |
| on time and to pay their taxes in full, if possible. If 2007 | | | | time to claim the money due. Uncle Sam has the right |
| taxes are going to be due now, you should still take | | | | to impose penalties for a 2007 late tax return being |
| your return, file late, and attempt to pay the taxes on a | | | | filed regardless of the reason you give, so if you file |
| payment plan. The worst possible case is neglecting to | | | | late you should be prepared to absorb additional fees. |
| file a return and pretending that the taxes do not | | | | If you can make a full or partial payment on any tax |
| matter. This means that some big penalties can be | | | | due the payment can be made by credit card, money |
| imposed. | | | | order, cashier's check, personal check, cash or an |
| Big Brother is very vigilant when it comes to collecting | | | | electronic bank transfer. Those taxpayers who are |
| taxes that are due. Not only can unfilled tax forms and | | | | filing a late tax return and owe money that they |
| unpaid taxes mean garnishment of wages, it can also | | | | cannot pay in full can request an installment |
| result in your bank accounts and other assets being | | | | agreement, or ask for a temporary delay. There is |
| scooped up by the government. There is even a | | | | even an offer in compromise that can be requested |
| Federal Tax Lien that can be filed that will effectively | | | | that may allow the forgiveness for part of the tax |
| destroy your credit and businesses. You should file any | | | | debt owed. |