The deadline for filing your tax return this year is April 18, 2022. You can still file your tax return and pay the tax you owe after this date. However, since the deadline has passed, you may incur a small amount of penalties and interest for late filing. This amount is calculated and notified by the tax departments directly after the form is submitted. According to the IRS, the amount of penalties and/or interest is accumulated on a monthly basis and ranges from 0.5% to 5% of the unpaid tax amount.
States tax’s penalty and/or interest are calculated similarly as the federal taxes. Since the requirements vary from state to state, we are unable to disclose the charge here.
The calculation and payment of charges for late filing is tax agency’s issue, and will not be included in the Tax Panda tax return service, and Tax Panda will not be responsible for any of your late filing penalty and/or interest.
For Non-Residents living in the U.S., according to the U.S. laws and regulations, even without income, you will need to file tax returns to fulfill your obligation. If you forgot to file, it may affect your H-1B visa or future green card/citizenship application.
The IRS allows you to catch up on past years’ tax filing. Tax Panda’s professional CPA can help you take care of all the past no-income period filings altogether so that you can fulfill your tax filing obligations, worry-free.
If you have been living/studying in the U.S. on or before 2020, according to the U.S. laws and regulations, you will need to fulfill your tax filing obligation. If you forgot to file in the prior years, not only will you face penalty and interest charges, it may also affect your H-1B visa or future green card/citizenship application.
You will need to to take care of your past year’s income tax return as soon as possible to avoid further penalties and interest. The IRS allows you to catch up on past years’ tax filing. Tax Panda’s professional CPA can help you you take care of all the past period income tax filings altogether, so that you can fulfill your tax filing obligations, worry-free.
