The last day to request for an extension in filing your taxes in Nashville was May 17. If you haven’t filed your taxes and missed the deadline, it’s best to call your CPA immediately and get guidance on what to do next.
The IRS does not take nicely to taxpayers who fail to file and pay their taxes on time. You need to have a very good reason or a “reasonable cause”, such as a natural disaster of getting incapacitated, for not meeting your tax obligations within the annual deadline.
Outside those causes, not filing and paying your tax returns is considered a criminal offense which might get you jail time of one year for every year you failed to pay your taxes.
That said, you can avoid a stiff punishment by filing your returns even after the deadline. While you can avoid going to jail, however, you have to face penalties and interests for late payments.
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