I stopped working in july 2014. My tax was withheld with every paycheck. I did not file for a return in Spring 2015 and I am trying to request it now in 2016, a year late. How much will I be penalized for late return request and how long will it take to get the return?===>>>>>>>>>>>>>if you have a refund then no neeed to pay penalty /interest on your late return.If you owe tax to irs/your state, then you must pay penalties/interest to the IRS/your state; A failure-to-pay penalty may apply aslongas you did not pay all of the taxes you owe by the tax filing deadline.
The failure-to-file penalty is generally more than the failure-to-pay penalty. You should file your tax return on time each year, even if you?re not able to pay all the taxes you owe by the due date. You can reduce additional interest and penalties by paying as much as you can with your tax return. You should explore other payment options such as getting a loan or making an installment agreement to make payments. The IRS will work with you.The penalty for filing late is normally 5 %of the unpaid taxes for each month or part of a month that a tax return is late. That penalty starts accruing the day after the tax filing due date and will not exceed 25 % of your unpaid taxes.you need to contsact your home state on failure to fiel return penalty and interest as it varied formstate to state.and you need to pay interest after Apr 16 2014 to the time when you pay your tax to irs/your state.
I am using a tax software, but cannot e-file as e-filing for 2014 has been shut down. So I will have to prep it and mail it, correct?==>>>>>>>>>>>you may still file your 2014 return with the software and thenyou may print it out and mail it to irs/your state.so,You cannot e-file a 2014 return. but you can prepare prior year return on it and send your printed return copy in the mail, to the IRS/state.
I am a single individual, with just one job and the income from it, own no property or assets - the most basic scenario. What forms do I need to mail? I have the federal and state W2's and the SSN. Do I need anything else?=>>>>>>>>>>>>>>>You may stilluse reg 1040 instead of using 1040ez or 10-40A no problem at all even if yo use 1040 inlieu of 1040ez/1040A.As said previously, unless you owe tax liability to irs/your state, you do not need to pay failure to p[ay or failure to file penalties or interest.