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If you don't file your taxes and are due a refund, the U.S. Treasury simply keeps your "donation." However, if you owe additional tax, file your return right away. The penalties for not filing are much higher than the penalties for not paying, and the longer you wait, the worse it gets.

Please see the related link for information on the penalties for not meeting the deadline.

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Q: What happens if you don't file taxes by the deadline?
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Related questions

When is the deadline to file Michigan state taxes?

The deadline for filing State tax in Michigan is the same date as the deadline for filing Federal tax.


Which amendment deadline to file your federal income tax return?

You have 3 years from the tax deadline to file an amendment for that year. For example, the tax deadline to file your 2009 taxes is April 15, 2010. You have until April 15, 2013 to file an amendment for that year.


What is the deadline for income taxes?

The deadline this year was to be April 15. However, the IRS extended this deadline to the 18th this year. It is possible to get an extension that could allow you to file as late as October.


What is the Last day to file taxes for 2008?

The deadline was April 15, 2009. If you missed the deadline, file your 2008 taxes as soon as possible. If you owed money, you still owe it and interest and penalties are added for every day you wait. If you had a refund coming, it is not too late to claim it.


When is last day to file your tax returns in California?

It is the same everywhere in the United States. The typical deadline to file your taxes is that they have to be postmarked by April 15th, but this year (2011) the deadline is extended to Monday April 18th.


When is the last day to file federal income taxes?

The last day to file federal income taxes is typically April 15th. However, if this date falls on a weekend or holiday, the deadline may be extended to the next business day. It's important to check the current year's tax filing deadline to be certain.


What is the date to file tax returns on extension?

For individuals and families, the tax extension deadline is October 15, which gives you a 6 month extension of time to file your taxes from the April 15 tax deadline. You can file your extension online with an e-file provider like FileLater (http://filelater.com).


Give Yourself a Day or Two?

If you have decided to file your taxes online at the last minute, try to make sure it is at least a day or two before the federal deadline. The reason you should try to give yourself at least a day or two before the deadline is because you need to receive confirmation of your e-file from the IRS. Once the IRS sends you a confirmation that it has received your e-file, then your taxes are deemed to have been legally filed on time. If the IRS sends you a confirmation a day or two after the deadline, then your taxes will be considered late.


If I dont pay my property taxes what will happen to me?

The government will file a lien against your property. You usually have a set time period to repay the back taxes after that happens. If you don't, then the government can foreclose on your house.


When are the 2013 taxes due?

The 2013 tax deadline to file individual returns, or to request an extension, is April 15th, 2013. Payment on these taxes is also due by April 15th.


Do you need to file your taxes before the FAFSA deadline?

Yes, you will need your tax information, or your parent's tax information, to fill out the FAFSA.


File by the Deadline?

The most important thing to do when filing for a tax extension is to remember to submit paperwork by the deadline. The unfortunate reality is that a lot of people completely forget to do their taxes and require the extension after the deadline has passed. Missing the deadline can force you to pay incredibly high fees. You do not want to be financially penalized for simply forgetting to file paperwork by a certain deadline. The typical deadline for filing a tax extension electronically is April 15. If you remember to make this deadline, then you will not have to worry about paying extra fees.