| The magic tax date of April 15th has passed. If you did | | | | filing your taxes, you do not have to worry about |
| not file a tax return or extension request, you need to | | | | penalties and interest. There are none since you are |
| consider the following. | | | | owed money. That being said, are you nuts? Why |
| Didn't File Anything with the IRS on April 15th? | | | | would you give the government an interest free loan? |
| The Internal Revenue Service is a bit touchy about | | | | What could you be using that money for in your daily |
| filing tax returns. It would prefer you to file a return or | | | | life? Get off the couch and get a return filed so you |
| extension to doing nothing, even if you cannot pay. If | | | | can get your money back. For obvious reasons, few |
| worse comes to worse, the IRS will simply put you on | | | | people let refunds sit at the IRS. If you are insanely |
| a payment plan. Failing to file anything, however, can | | | | lazy, keep in mind you will lose the refunds if you do |
| lead too more unwanted attention from the agency | | | | not claim them within three years of the original filing |
| than you could possible want to receive. | | | | date. Frankly, you deserve to if you are that lazy! |
| In general, you should always try to pay your taxes | | | | If you owe taxes and do not have the cash, there |
| whenever possible. Failure to do so can lead to brutal | | | | may be an alternative you can use. To the surprise of |
| penalties and interest charges. If the IRS thinks you are | | | | many, the IRS accepts credit cards as a payment |
| up to something funny, the penalties and interest can | | | | method. With high interest rates, credit cards are not a |
| add up to 25 percent of your tax bill. That is a big | | | | great option. On the other hand, credit card companies |
| chunk of change! | | | | cannot audit you! |
| If you are due a refund, but just did not get around to | | | | |