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File Late Tax Returns in Draper

Missed the Tax Filing Deadline?

If you have missed the IRS tax filing deadline without filing an extension, you need to file as soon as possible before the IRS files for you. If you fail to file, the IRS can file a substitute return for you. Unlike a Draper tax return preparer, the IRS that won’t include credits or deductions that could help reduce the amount you owe or maximize your return.

Should I file for a tax extension

If you need more time to file your taxes you can file for an extension BEFORE the deadline, an extension is good for an additional 6 months and eliminates the failure-to-file penalty. An extension does not, however, give you an extension of time to pay taxes owed and you will be asked to estimate how much you're going to owe the IRS. The unpaid balance with accrue interest and penalties, however these penalties are far less than the ones for not filing at all.

Late filing fees if you owe taxes.

If you do not file taxes by the deadline, you may face a failure-to-file penalty. If you do not pay taxes owed by the deadline you may have to pay a failure-to-pay penalty which is generally less severe than a failure-to-file penalty as the IRS will work with if you are struggling to pay taxes owed on time. The failure-to-file penalty, however is usually 5 percent 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 percent of your unpaid taxes.

You will not have to pay a late-filing or late-payment penalty if you can show reasonable cause for not filing or paying on time but it is not guaranteed that the IRS will grant your request.

Late Fees if you are Getting a Refund

If you are owed a refund, there is no penalty for filing your tax return late, even without an extension as the penalty for filing late is a percentage of the tax owed. Just remember that you don’t get your tax return until you file.

Get back in good standing with the IRS

Paramount Tax & Accounting CPAs Draper can help you file late tax returns in Draper and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in Draper for a free consultation to help file taxes late in Draper.



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These guys at Paramount are awesome! This is the only place to go for tax preparation. Look no further. I especially enjoyed working with Braden and Jon.
— Jim Moss, Posted March 4th 2025 on google
Have used Paramount Draper since 2017. Just finished 2024 taxes, Alex was awesome, he helped me with my business and personal return. He's sharp and capable. I have also corresponded with Paula, the admin, over the last several years and she is extremely prompt at responding to phone calls and emails. Thank you!
— Lisa Phillipps, Posted February 26th 2025 on google
Absolutely incredible working with the extraordinary men at Paramount Tax
— LeeAnn Fulton, Posted February 24th 2025 on google
Quick turnaround, easy to work with, and responsive.
— Aaron Chambers, Posted February 21st 2025 on google
Paramount was great because they were fast to turn around my return, they addressed my concerns and were very helpful through the process. I will use them again.
— James Gilman, Posted February 21st 2025 on google
Jon and Braden were super helpful! Made things a lot easier this tax season
— Cassie Johnsen, Posted February 21st 2025 on google
I've used paramount for years, It is 100% worth it! Doing taxes has become so much less stressful and they always work to get you the best return you can! I've worked with multiple accountants there and all three have been great!
— Isaac Parker, Posted February 18th 2025 on google
We met with Jon and Braden today to file our 2024 taxes and they were both amazing. They were both very knowledgeable and walked us through every section of our taxes, including small business filing. We will absolutely continue to use them in the years to come.
— Bonnie Grigoratos, Posted February 17th 2025 on google
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— William, Posted February 17th 2025 on google
I’ve been going to Paramount since 2022 and and my experience gets better and better each year. 2023 I worked with Braden Thompson and he was amazing to work with especially with my small business. He was able to find every possible way to benefit my business and more. I went back to Paramount this year to file and t...
— Fetaiaki Manuatu, Posted February 17th 2025 on google
Love Paramount tax and accounting. I've been using them for a few years now. They helped me save a bunch in taxes and they are also very responsive when I need their help. Highly recommend!
— Kyle Pierce, Posted February 14th 2025 on google
It would not be at all dramatic to say that this tax firm changed my life. I have been a client since 2021 and will never go back. PI am a one woman small business (self employed hairstylist) and with the help of Paramount, tax season has quickly turned from an absolute nightmare to just another easy breezy day. I cann...
— Kaitlyn Pia, Posted February 12th 2025 on google
Excellent job, helped out a lot. Fair price for the service.
— roger sprague, Posted February 11th 2025 on google
Making an appointment was easy and they helped guide us through the tax process and complete our return. They helped us identify ways to reduce our tax burden. Thank you!
— Adam Humpal, Posted February 8th 2025 on google
I was worried about doing taxes since our original one we had for many years had stepped away from the industry. Paramount made the on boarding eerily seamless. Darrin was fantastic with navigating with my spouse and I through the process. Patient when I had questions/concerns. I look forward to future work with him an...
— Drea Hymas, Posted February 5th 2025 on google
We met Braden for a consultation. He was very happy to answer many of the questions that we had regarding our estate taxes.
— Jerry James, Posted October 26th 2024 on google
I love working with Paramount! They are always efficient and easy to work with!
— Austin Rawlings, Posted October 15th 2024 on google
Paramount has done an exceptional job! I appreciate their attention to detail and willingness to go the extra mile.
— Janna Simonsen, Posted October 15th 2024 on google
The team at Paramount is amazing, this was my first year filing with them. Darren was awesome and super attentive, and at one point we had 3 people in the room looking over some deductions to make sure they were accurate. In a one hour meeting they tripled what I thought my return would be. They are worth every penny, ...
— Caitlin Probst, Posted October 12th 2024 on google
Southwick and team are fantastic and super easy to work with. Their fees are more than fair and their prompt attention to requests and questions is impressive. Highly recommend.
— David Webb, Posted October 10th 2024 on google
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