Penalties can be as high as five years in prison and $250,000 in fines. The IRS recognizes several crimes related to evading the assessment and payment of taxes. If you fail to file your tax returns on time you could be charged with a crime. What happens if you don’t file taxes for 5 years? If you wait more than 60 days to file, you’re charged a $135 fee or 100% of the taxes you owe (whichever is less). If you don’t send yoru return to the IRS by the April 15 deadline, you’ll get hit with a failure-to-file penalty, which starts at 5% of however much you owe, maxing out at 25% of your tax bill. What happens if I didn’t file my 2015 taxes? So in order to claim any refund, you will need to file by April 18, 2019. The filing deadline for the 2015 individual tax return was April 18, 2016. You might be interested: How To Report Capital Loss On Tax Return? (TOP 5 Tips) Is it too late to file 2015 taxes? If you’re filing a federal tax return from a previous year, you may need to mail a physical copy of your tax return to the IRS. So if you’re filing 2020 taxes but miss filing by May 17, 2021, you still have until November 2021 to e-file. Only a 2017 return can be prepared online and e-filed. Your 2016 return must be printed, signed and mailed. Online preparation and e-filing for 2016 is permanently closed. Now Accepted: You Can File Your 2014 Tax Return with TurboTax Today! The IRS announced this week that they are opening the 2015 tax filing season on January 20, 2014, but why wait to file your 2014 taxes? TurboTax is accepting tax returns today so that you can get closer to your maximum tax refund. Once you choose a Free File company, you’ll go to their website to prepare and e-file your federal tax return. The only way to use IRS Free File is through the IRS website.

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