Late filing penalties
The law requires you to file your tax returns by their due dates. If you don't, you may have to pay a late filing penalty.
Types of returns affected
The law requires you to file your tax returns by their due dates. If you don't, you may have to pay a late filing penalty.
How much is the penalty?
The amount of a late filing penalty depends on your net income. Net income is gross income less allowable deductions, before any net loss offsets.
How to extend the filing date
If you are unable to file your income tax return by the due date you may apply for an extension of time (EOT) to file it.
Date published: 20 Jul 2006
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