Late Tax Filing 2021

Late Tax Filing for 2021 in Kirkland, WA

Handling taxes can feel overwhelming, especially if you’ve forgotten or postponed filing and missed the deadline. Don’t worry—you’re not alone, and it’s not too late to get back on track.

While the 2021 tax season is long behind us, unfiled taxes can lead to complications with the IRS, such as penalties, interest, and even enforcement actions. Luckily, the IRS provides options to help taxpayers manage late filings and address outstanding issues, but navigating this process can be confusing, stressful, and time-consuming without proper guidance.

At Paramount, we specialize in helping individuals and businesses in Kirkland manage everything tax-related, including late filing. Our team of professionals will guide you through every step of the process, from understanding your options to submitting your forms, ensuring everything is handled accurately and efficiently.

Learn more about late tax filing for 2021 in Kirkland, WA, and contact the Paramount advisers if you need advice, guidance, or support.

If You Were Owed a Refund on Your 2021 Taxes

Here are a few things to understand about 2021 late tax filings and unclaimed returns:

IRS Notices: If you missed the 2021 tax filing deadline, the IRS may have already sent notices or warnings regarding your unfiled return. These notices are critical, as they may include required actions and specific due dates.
Filing for Refund: If you were owed a refund for your 2021 taxes, it’s not too late to claim it! The IRS allows a three-year window to file and collect your refund. For 2021 returns, this means you have until April 2025 to file.
No Penalties: If you don’t owe the IRS any money, you won’t face penalties for filing late. However, it’s still better to file sooner rather than later to ensure you don’t miss the chance to claim your refund.
Claim Tax Credits and Deductions: Late filers may still be eligible for certain tax credits or deductions. Filing your 2021 taxes allows you to take full advantage of benefits like the Earned Income Tax Credit (EITC) or Child Tax Credit, which could significantly increase your refund amount.

If You Owe The IRS Money and You Haven’t Filed

Failing to file your taxes when you owe the IRS money has serious consequences. Here’s what you need to know about the potential penalties and actions the IRS can take:

FTF and FTP Penalties

Failure to File Penalty (FTF): If you owe money and haven’t filed your tax return, the IRS imposes a failure-to-file penalty of 5% per month on unpaid taxes, up to a maximum of 25% of the total taxes owed. Even if you owe a small amount, this penalty can quickly add up.
Failure to Pay Penalty: In addition to the failure-to-file penalty, the IRS also charges a failure-to-pay penalty if taxes remain unpaid after filing. This penalty accrues at a rate of 0.5% per month of the unpaid balance and continues until the taxes are paid in full.

Together, FTF and FTP penalties can significantly increase the amount you owe

Additional Consequences

IRS Filing for You: If you fail to file your taxes, the IRS may step in and file a substitute return on your behalf. While this might sound helpful, it can result in much higher tax liability. The IRS will not take into account deductions, credits, or exemptions that you might be eligible for.
Debt Collection: When unpaid taxes continue to grow, the IRS may escalate collection efforts. This can include actions like seizing property, wage garnishments, and even freezing bank accounts.

If you’re worried about the money you owe for 2021 taxes, contact a professional tax company like Paramount as soon as possible. Advisors can help you explore options like setting up payment plans and negotiating penalty reductions.

Impact of COVID-19 and Relief Programs

The COVID-19 pandemic significantly affected tax processes in 2021. Here's how these changes might impact you:

Tax Filing Delays: In response to the pandemic, the IRS extended several filing deadlines in 2020 and 2021 to give taxpayers more time to submit their returns. Late filers may still be impacted by these changes depending on their circumstances.
Penalties for Late Filing: While some relief programs postponed deadlines, penalties for late filing or payments may still apply. However, the IRS has provided certain leniency for individuals affected by COVID-related problems.
Possible Payment Extensions: Taxpayers facing financial difficulties due to COVID-19 can request extensions or set up payment plans for overdue taxes. The IRS offers multiple options to assist those unable to pay their tax liabilities.

For more information about COVID-19 tax relief for 2020 or 2021, visit the IRS website or reach out to the Paramount team. We’d be happy to answer any questions you may have or provide additional information.

Get Back in Good Standing with the IRS

If you’ve fallen behind on your 2021 tax filing, the Paramount Tax & Accounting Kirkland team can help you get back on track. Whether you’re owed a refund or need assistance managing your payments to the IRS, we’ll provide personalized, accurate, and efficient tax advice and services tailored to your needs.

At Paramount, we’ve successfully helped countless clients resolve late tax filing issues and restore their good standing with the IRS. We believe that transparency is key to achieving the best outcomes, and our team will address your tax situation with honesty, care, and expert knowledge.

Don’t wait to take action. Contact Paramount today for a consultation on your 2021 late tax filing in Kirkland, WA.

Late return review

Timing, accuracy, and necessity are key factors when it comes to filing a late tax return. Paramount Tax & Accounting Kirkland can assist you from start to finish.

Request Appointment

First Name

Last Name

Phone

Business Name (optional)

Zipcode

Comments or Questions

Texting Opt-in

By providing a telephone number and submitting this form you are consenting to be contacted by SMS text message. Message & data rates may apply. You can reply STOP to opt-out of further messaging. Reply HELP for assistance. Message frequency may vary.

Paramount ProtectionPlus audit protection.

Learn More

425-298-9730

Hear Why Our Clients Love Us

Ryan Mott

I highly recommend Paramount! They are very friendly and easy to work with. Lonnie knows her stuff and works hard to get you taken care of!
Sean Gordon

Lonnie Nguyen is an absolute pleasure to work with. She’s incredibly knowledgeable and savvy and she truly understands that every client’s situation is unique and works WITH them to achieve the tax planning goals they have. Lonnie takes the time to tailor her guidance accordingly, which makes a huge difference. She’s responsive, easy to communicate with and always answers when you reach out. Most importantly, she is someone I can confidently refer clients to knowing they’ll be well cared for. I highly recommend working with Lonnie if you want a skilled, reliable and personable tax professional!!!!
Jamie S

I can’t say enough great things about Lonnie at Paramount Tax and Accounting. She has truly been a lifesaver for my business. Lonnie is incredibly organized and thorough—nothing slips through the cracks with her, which gives me so much peace of mind. What really sets her apart is how committed she is to constantly learning and improving. You can tell she genuinely cares about doing the best possible job for her clients and staying up to date on everything that could benefit them. Running a business comes with enough stress, and having someone like Lonnie in my corner has made all the difference. I trust her completely and highly recommend her to anyone looking for someone dependable, knowledgeable, and truly dedicated.
Grant Vandehey

This was our first year using Paramount Tax & Accounting and we were very pleased with the service Lonnie provided! She is very responsive and talked us through all the questions we had in regards to our filing and helped talk us through what we need to plan for next year. We will absolutely be using her again next year!
Andrew Neighbors

I can't say enough great things about Lonnie Nguyen with Paramount Tax and Accounting. She is extremely sharp, experienced, knowledgeable, honest, and kind with great communication. Her reputation is impeccable and she's an easy referral. I know the level of conscientious and thorough care she provides her clients and you would be doing yourself a disservice not connecting with her first. She's just plain awesome. I highly recommend ⭐️⭐️⭐️⭐️⭐️.
Erik Herrera

Lonnie was exceptionally helpful, knowledgeable, and responsive. I highly recommend their services for any tax-related needs.
Deirdre Ducken

Responsive and thorough tax preparer. Helped maximize our tax return with minimal frustration.
Andrew Forrest

Great experience working with Lonnie at Paramount Tax and Accounting. She was friendly, detail oriented, and took a no pressure approach while clearly explaining everything. Her time management was excellent and she filed my taxes earlier than expected. Pricing was very reasonable too. Highly recommend! - Farrah Wong
Pamela M.

Lonnie and the team at Paramount Tax & Accounting were incredibly helpful in navigating my tax season and providing much-needed clarity on my financials. Their expertise and patient approach made a complex process feel simple and stress-free.
Kaitlyn O'Neel

Great experience with Lonnie from Paramount Tax & Accounting. Very timely in response to our initial inquiry & provided helpful information from the start on how they would be able to support, along with realistic timeline expectations for filing. Smooth process with their portal and great communication throughout, they were even able to file our taxes earlier than originally thought. I'd always prefer someplace under promise and over deliver, and Paramount exceeded our expectations.
Violetta Jubilee

Lonnie is just amazing. There is nothing we asked her to do that she couldn’t handle or didn’t already have a clear answer for. She is incredibly knowledgeable, detail-oriented, and always took extra time to explain things and/or give us options which way we can go. What really stands out is how responsive and reliable she is -- no matter if it was late in the evening or a weekend, she would still text us back. You can tell she genuinely cares about her clients and goes above and beyond to make sure everything is done right. We feel very blessed to have found her and wouldn’t trust anyone else with our taxes. Highly recommend!! 10/10.... five stars 100%
adair zholdubaev

I had a great experience working with Lonnie . She was incredibly responsive and resourceful throughout the entire process. I was behind on filing for several years, and she helped me get everything caught up without making it feel overwhelming. She explained each step clearly, kept me informed, and made what I thought would be a stressful situation surprisingly easy and straightforward. I really appreciate her professionalism and patience, and I highly recommend her to anyone who needs reliable and knowledgeable tax help.
Monesa Moore

I had a great experience working with my Lonnie this year. She was knowledgeable, efficient, and made the entire tax process smooth and stress-free. Not only did they complete everything quickly, but they also provided valuable insight and planning tips for the upcoming tax year. I really appreciate the proactive approach and would highly recommend their services.
Archana Ramakrishnan

Lonnie is easy to work with, super prompt and explains all the rules clearly. Happy to engage her for my tax needs
Thomas Hayhurst

My small business grew quickly last year and when tax time came around I quickly realized I was in way over my head. I found Paramount via Google search and it had very high ratings. It did not disappoint. I filled out an online questionnaire and Lonnie called me back about 90min later (ON A SUNDAY!) to answer any questions I had. She was very attentive throughout the process, prompt to answer all my questions and very reasonably priced. There is no question in my mind I saved tons of money by using Paramount, they undoubtedly knew taxes inside and out and maximized my refund. Would not only recommend, by I will be using them exclusively moving forward.
Kella Hawkins

Lonnie was SUPER helpful and extremely kind during this process! I had 2 years of personal taxes and she made the process simple and calm. Thank you, Lonnie!❤️
Noel Salvacion

Lonnie! She’s great at what she does. She helped me save thousands off my taxes. If you’re a small business owner and you need to pay taxes definitely check this place out. She was efficient to deliver with experience. She has done my taxes for two years now! Even help me set up a trump account and take advantage of all the benefits that are out there. Very thankful for her and this establishment!
Sarah Migliore

I had such a great experience at Paramount Tax and Accounting Kirkland. Lonnie made the entire process so easy.
Bethany Chu

I have loved working with Lonnie, as she helped us through a correction on our taxes for 2024. With our over contribution, we needed to connect with both our financial planner and an accountant. She was patient and thorough throughout the whole process, and walked me through a full detail of all the documentation. I would not know have known where to start, so I'm very grateful for Lonnie's services! Thank you Lonnie!
Cara Downing

Lonnie has been a lifesaver helping our small business. She goes above and beyond to help make sure our business is running smoothly and compliant with state and federal laws. 10/10 recommend Paramount Tax & Accounting for anyone who owns a business, whether you are just starting out or established, Lonnie can do it all!

Don’t Leave Money Behind

Maximize your deductions and reduce your liabilities. Schedule with Paramount Tax & Accounting Kirkland today

Paramount Experience

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 Kirkland, is that our firm utilizes the services of licensed professionals.

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 firm in Kirkland. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Accounting Kirkland!

Free Consultation 425-298-9730

Upgrade to Tax & AccountingBookkeeping Firm

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 Kirkland a call or visit our tax and accountingbookkeeping firm in Kirkland for a free consultation.

Individual Tax Preparation Business Tax Preparation