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What Occurs If You File Taxes Late?


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1 Early entry to direct deposit funds is determined by the timing of the submission of the cost file from the payer. These funds are usually made accessible on the day the cost file is acquired, which can be as much as 2 days sooner than the scheduled cost date. Federal tax cost recordsdata acquired from the IRS could also be acquired as much as 5 days early (primarily based on knowledge from the 2020 tax submitting season). Chime makes no assure over when recordsdata are despatched by the IRS and funds might be made accessible.

2 Info from Nerdwallet’s The Full Information to Impartial Contractor Taxes as of November 29, 2022: https://www.nerdwallet.com/article/small-business/independent-contractor-tax-guide#

3 Info from the Inner Income Service’s Failure to Pay Penalty as of November 29, 2022:
​​https://www.irs.gov/funds/failure-to-pay-penalty

4 Info from the Inner Income Service’s The place’s My Refund? as of November 29, 2022:
https://www.irs.gov/refunds

5 Info from the Inner Income Service’s Failure to File Penalty as of November 29, 2022:
https://www.irs.gov/funds/failure-to-file-penalty

6 Info from the Inner Income Service’s Matter No. 202 Tax Fee Choices as of November 29, 2022:
https://www.irs.gov/taxtopics/tc202#

7 Info from the Inner Income Service’s Extra Info on Fee Plans as of November 29, 2022:
https://www.irs.gov/funds/payment-plans-installment-agreements#plandef

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