Why is it recommended to file taxes on time ?
It is important to file your taxes on time to avoid any penalties or interest charges. The IRS has a strict deadline of April 15th for filing taxes, and if you miss this deadline you may be subject to a late filing penalty. This penalty is 5% of the unpaid taxes for each month that the return is late, up to a maximum of 25%. In addition, you will also be charged interest on any unpaid taxes. The interest rate is currently 5% per year. Brains & taxes are one of the leading tax consultant in Indore which help you in filing taxes. If you are unable to pay the full amount of taxes owed, you should still file your return on time and pay as much as you can. We are one of the best tax consultant in Indore. You can then set up a payment plan with the IRS to pay the remaining balance. There are several different payment options available, and you can find more information on the IRS website. As per client's reviews we are one of the best tax Consultant in Indore
