What happens if you file your income tax late?
If you do not have a good excuse you will be charged interest on the sum owed in addition to a fine.
Depends on your income level, how late, what jurisdiction you are in. It could mean nothing, a small or large fine, or no return, or penalties.
Discuss with your accountant.
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What will happen if you file your 2007 income tax with 2008 income tax together?
Nothng Much they will fine you with late charges.... get all answer related to your income tax related and Calculate your tax here - http://profit.ndtv.com/PersonalFinance/Taxation.aspx
as far as i know depending on where you live they cannot calculate your earnings and what you owe in taxes. so if you were entitled to a tax rebate and had been paying to much tax they would not be able to pay you back what they owe you. they may need to calculate your taxes for the following year and if they dont have accurate paper work then they may over charge you. then also if they havent charged you enough tax later on they may stop your tax credits or send you a large bill or fine you with interest. that is if you are seen to be tax evading.
You have been given the right answer by brosen. I will add what my accountant told me. If you owe, you should either file for an extension or send them in without the check. If it's on time that usually stops the penalties and interest.
hay just pay extra and make an exuse about why it is late like i never got thatin the mail at all
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