The last tax extension filing deadline for the tax year 2022 was October 15th, and although some of you may have rushed to meet the deadline, others may have missed it and are unsure what to do. If you missed the deadline for submitting a tax extension, review these key questions and answers to help you figure out what to do next.

Do I Still File?

Yes, you should submit your taxes as quickly as possible. Even if your income was below the IRS filing threshold of $12,550 for single filers and $25,100 for married filers in 2022, you should still file your taxes if you had federal taxes deducted or if you are eligible for a refundable tax credit like the Earned Income Tax Credit, as you may be due a refund.

Will I Be Charged Penalty Fees By The IRS?

There is no penalty for filing late if you are expecting a tax refund. Penalties are determined by the amount owed. You will be charged late filing fees if you submit after the October 15 extended tax deadline and owe money.

Resolve Your Tax Bills

If you’ve found yourself in a nasty mess with the IRS, take a deep breath. For taxpayers who may have difficulty paying off an excessive amount of tax debt, there’s a new and improved relief program that consolidates many major relief programs into a one-size-fits-all assistance program. Any issues regarding back taxes, unfiled years, or any other tax-related problems may be solved through one program; the IRS Fresh Start Program.

How Simple Is Qualifying?

Considering that the Fresh Start Program is a federal program, you would think meeting the qualifications may be very difficult, but really, it’s a lot simpler and quicker than you think. Take the following steps in order to find out if you are eligible in as little as 3 minutes.

  1. Fill out some basic information about yourself and your back taxes here.
  2. Have a representative reach out to you to discuss your eligibility.
  3. Go through the enrollment process and finally reduce or eliminate your tax liabilities.