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 Bradenton / Sarasota 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 in Bradenton Metro can help you file late tax returns in Bradenton / Sarasota and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in Bradenton / Sarasota for a free consultation to help file taxes late in Bradenton / Sarasota.
Late return review
Timing, accuracy, and necessity are key factors when it comes to filing a late tax return. Paramount Tax & Accounting in Bradenton Metro can assist you from start to finish.
Great to do business with. Always available to discuss any issue we have.
Alyson
We couldn’t be happier with Adam at Paramount Tax & Accounting!!! He is the absolute best!! He has so much wisdom and is very organized!!
Thank you for the best service, Paramount Tax & Accounting!!
Shannon Concierge Health Insurance
Phil has saved my taxes. I was looking at a large bill for a few years after being lied to by another firm. Phil is patient and understanding. His knowledge of the tax laws is superb. I will use his services for many years to come.
Alex Gutowski
Phil is great!
Today he helped me amend my LLC because I'm a dummy when it comes to sunbiz stuff. Anyway thanks Phil
Edward Fordyce
Adam and his team welcomed me with open arms. They handled my personal and business returns and did an outstanding job!! Highly recommend!!
Hugh Roberts
Phil is a rock star. I’d recommend him for taxes or any accounting related item. I’ve used him for years. He’s Phil Nye The Tax Guy. How do you not like a guy who rhymes his name with the profession?!
Rick R
Phil is great! He always comes through for us each and every year!!!
Robert Knudson
I found my Mom and Pop tax professionals.
Great staff and I love their results
John Quesnell
Phil is a great guy and continues to help me out with my taxes throughout the last few years and let's me know the best possible ways to handle them and will be having him help me out this year
thanks
Josie Leavitt
I hired Phil for doing my business and personal taxes for 2024, as I moved to the area and wanted someone that I could work with who was close by. He did a great job, he is responsive and knowledgeable and very glad to have him as our Tax Accountant and look forward to working with him for many years to come.
Melissa Lilly
Phil/Paramount Tax & Accounting is our go to tax accountant for Orange Blossom Coffee. He is responsive, shows great attention to detail and is available for questions whenever we call or email. He has been a great addition to our downtown community.
10 stars
Charles Armour
Working with Phil was a very pleasant experience, and I was more than pleased with his tax services!
William O'Brien
We had an appointment with Adam to prepare our tax return. He is very professional and takes time to know you. He went over the return and explained it page by page. If you chose him for tax preparation you will realize why he is so highly rated!
Omar O. S. Schwanzer
Adam Wilhelm is a highly qualified and fun, yes fun tax expert. I highly recommend him.
I am a huge fan of him, he is the best in what he does, great quality service.
Nicole Schwanzer
Best experience ever! Adam is amazing and is so personal. Highly recommend his services!
Trip
I FINALLY found an awesome tax place. Adam is fantastic!! I have my own LLC and Adam literally saved me thousands because I had no idea what I was legally entitled to. In past years I tried a few other tax places in Bradenton and they were totally worthless compared to Adam. The other great thing and peace of mind about Adam is that he is more than happy to take my calls and give me excellent, strategic advice whenever I have a tax question regarding my business.
Caryn Hitt
Very helpful and efficient. Thank you.
Guadalupe Tellez
I'm so grateful coming with them Adam hi is excellent hi explained good nice person thanks all advices
Jason Reid
I went from worrying about my tax returns and paying way too much, to making the tax process easy and seamless and I saved a ton of money. Highly recommend Phil Nye the Tax Guy at Paramount Tax & Accounting.
Jenna Haffenden
I called for support regarding a unique type of IRA. Phil returned my call promptly and helped review the details and suggested some next steps. I would recommend his services!
Mark Cobb
Great to do business with. Always available to discuss any issue we have.
Alyson
We couldn’t be happier with Adam at Paramount Tax & Accounting!!! He is the absolute best!! He has so much wisdom and is very organized!!
Thank you for the best service, Paramount Tax & Accounting!!
Shannon Concierge Health Insurance
Phil has saved my taxes. I was looking at a large bill for a few years after being lied to by another firm. Phil is patient and understanding. His knowledge of the tax laws is superb. I will use his services for many years to come.
Alex Gutowski
Phil is great!
Today he helped me amend my LLC because I'm a dummy when it comes to sunbiz stuff. Anyway thanks Phil
Edward Fordyce
Adam and his team welcomed me with open arms. They handled my personal and business returns and did an outstanding job!! Highly recommend!!
Hugh Roberts
Phil is a rock star. I’d recommend him for taxes or any accounting related item. I’ve used him for years. He’s Phil Nye The Tax Guy. How do you not like a guy who rhymes his name with the profession?!
Rick R
Phil is great! He always comes through for us each and every year!!!
Robert Knudson
I found my Mom and Pop tax professionals.
Great staff and I love their results
John Quesnell
Phil is a great guy and continues to help me out with my taxes throughout the last few years and let's me know the best possible ways to handle them and will be having him help me out this year
thanks
Josie Leavitt
I hired Phil for doing my business and personal taxes for 2024, as I moved to the area and wanted someone that I could work with who was close by. He did a great job, he is responsive and knowledgeable and very glad to have him as our Tax Accountant and look forward to working with him for many years to come.
Melissa Lilly
Phil/Paramount Tax & Accounting is our go to tax accountant for Orange Blossom Coffee. He is responsive, shows great attention to detail and is available for questions whenever we call or email. He has been a great addition to our downtown community.
10 stars
Charles Armour
Working with Phil was a very pleasant experience, and I was more than pleased with his tax services!
William O'Brien
We had an appointment with Adam to prepare our tax return. He is very professional and takes time to know you. He went over the return and explained it page by page. If you chose him for tax preparation you will realize why he is so highly rated!
Omar O. S. Schwanzer
Adam Wilhelm is a highly qualified and fun, yes fun tax expert. I highly recommend him.
I am a huge fan of him, he is the best in what he does, great quality service.
Nicole Schwanzer
Best experience ever! Adam is amazing and is so personal. Highly recommend his services!
Trip
I FINALLY found an awesome tax place. Adam is fantastic!! I have my own LLC and Adam literally saved me thousands because I had no idea what I was legally entitled to. In past years I tried a few other tax places in Bradenton and they were totally worthless compared to Adam. The other great thing and peace of mind about Adam is that he is more than happy to take my calls and give me excellent, strategic advice whenever I have a tax question regarding my business.
Caryn Hitt
Very helpful and efficient. Thank you.
Guadalupe Tellez
I'm so grateful coming with them Adam hi is excellent hi explained good nice person thanks all advices
Jason Reid
I went from worrying about my tax returns and paying way too much, to making the tax process easy and seamless and I saved a ton of money. Highly recommend Phil Nye the Tax Guy at Paramount Tax & Accounting.
Jenna Haffenden
I called for support regarding a unique type of IRA. Phil returned my call promptly and helped review the details and suggested some next steps. I would recommend his services!
Don’t Leave Money Behind
Maximize your deductions and reduce your liabilities. Schedule with Paramount Tax & Accounting in Bradenton / Sarasota today
Many people do not know how a professional tax firm differs from a tax preparer. The main difference when working with a professional tax and accountingbookkeeping firm, such as Paramount Tax & Accounting in Bradenton Metro, is that we know taxes!
Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Filing Late Taxes firm in Bradenton / Sarasota. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting in Bradenton Metro!
Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accountingbookkeeping firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accountingbookkeeping firm utilizes licensed professionals, who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics.
Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax & Accounting in Bradenton Metro a call or visit our
tax and accountingbookkeeping firm in Bradenton / Sarasota
for a free consultation.
Why Choose Paramount Tax & Accounting in Bradenton Metro?
Through dedication to the three underlying principles of professionalism, responsivenessandquality, Paramount is committed to providing outstanding service to our clients.
Paramount Tax is now offering financial and tax franchises across the US!
In the unlikely event you receive a tax notice, we have an entire audit defense department ready and available to help. We partner with Protection Plus $1 Million Tax Audit Defense so that we can work towards a favorable resolution in every situation our clients might face.
