Select A Paramount & Tax Location in Plano, Frisco & Richardson
$1 Million Tax Audit Protection 

File Late Tax Returns in Plano, Frisco & Richardson

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 Plano, Frisco & Richardson 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 & Bookkeeping in Plano can help you file late tax returns in Plano, Frisco & Richardson and navigate your options if you are faced with penalties. Contact our accountingbookkeeping firm in Plano, Frisco & Richardson for a free consultation to help file taxes late in Plano, Frisco & Richardson.

tax services Plano, Frisco & Richardson

Late return review

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

Contact Us Today!

Easy Online Booking

Get started with Paramount for your tax services in Plano, Frisco & Richardson, TX, recommended by family and friends every time.


Request Appointment

Contact Paramount Tax & Bookkeeping in Plano

Easy Online Booking

Get started with Paramount for your tax services in Plano, Frisco & Richardson, TX, recommended by family and friends every time.


Request Appointment

Contact Paramount Tax & Bookkeeping in Plano
Request Appointment
I highly recommend Azeb for all tax-related matters. She is exceptionally knowledgeable and a pleasure to work with. As owners of a trucking company, her assistance was invaluable in ensuring we covered all necessary aspects, maximized available credits, and provided peace of mind during tax filing. Azeb goes the extra...
— Jessica Johnson, Posted March 16th 2024 on google
My husband and I were looking for a tax professional and I’m so glad we found Azeb! Azeb is extremely knowledgeable, patient, detail oriented and kind. I highly recommend Paramount Tax & Bookkeeping!
— Ama A, Posted March 13th 2024 on google
So glad I found Tiffany! She prepared my return right then and there while I waited. I'll use her services from now on.
— Debbie B, Posted February 21st 2024 on google
Beyond the initial setup, Paramount Tax has been proactive in providing ongoing support and guidance. Thank you!
— Deyanira Payne, Posted February 16th 2024 on google
Paramount Tax did everything for me when starting my new business. Taxes, LLC support, EVERYTHING. I could not recommend them higher!
— Ivan Gutierrez, Posted February 14th 2024 on google
Paramount Tax & Accounting is the right place to solve your personal and business problems. Highly recommend Azeb to look after your Tax and bookkeeping very knowledgeable and good customer services.
— john kaulave, Posted February 14th 2024 on google
If you have a business and also facing the tax related issue then PARQMOUNT TAX is a right place for you they are professional and trustworthy
— A Google User, Posted February 13th 2024 on google
They ensured that I maximized my deductions and credits, ultimately resulting in a significant tax savings for me. Paramount Tax & Bookkeeping is really great.
— Lawson Soto, Posted February 12th 2024 on google
Excellent service with really nice customer service reps. Will definitely be back next year. Thank you so much
— Johnny Z, Posted February 6th 2024 on google
I have had the pleasure to have worked with the owner. She always went the extra mile to make sure our clients were happy. She is an expert in her field and one of the best tax accountants I know.
— Kharma Butler, Posted February 4th 2024 on google
Very fast, pleasant, knowledgable, and familial. I strongly advise you to use Paramount Tax & Bookkeeping for all of your tax preparation needs. Excellent customer service at its best, with a five-star rating.
— Masud Suleiman, Posted February 4th 2024 on google
dependable and simple to deal with. Tiffany is someone I would suggest to anyone searching for a bookkeeper or tax specialist for their company.
— Keegan Ander, Posted February 3rd 2024 on google
Professional services in the area team is knowledgeable and have sound understanding related to finance highly recommend
— Erin Brown, Posted February 3rd 2024 on google
Tiffany, our tax consultant, demonstrated an impressive level of expertise in handling our rental real estate investments! Thank you!
— Anderson, Posted February 2nd 2024 on google
Azeb Wossen it was awesome working with you, thank you so much for all your help. You have helped me start a new chapter in my life by guiding me on how to start my business. I am sure i will need your services and help in the future. Thanks again.
— Hugo Torres, Posted February 1st 2024 on google
They patiently answered all our questions and actively engaged in knowledge-sharing, creating a collaborative and informative experience.
— Armando Henrik, Posted February 1st 2024 on google
Tiffany is great! Such a dynamic personality and so knowledgeable! You will be in great hands with her.
— Linda W, Posted January 31st 2024 on google
Love the staff members as well as the comfortability in the environment of the Tax office. I like the knowledge that they provide on tax preparation and questions very professional.
— Jazzy Rodgers, Posted January 31st 2024 on google
Tiffany is awesome to work with and extremely knowledgeable. I highly recommend her!
— Don Williams, Posted January 31st 2024 on google
Tiffany is a consummate professional, with decades of experience at the highest levels of tax consulting. Fortunately, she has taken the path to private practice, and is available to all of us! Whenever my clients need tax advice, whether a complicated business issue or family/individual tax advice, I would wholehear...
— Bob Sweeney, Posted January 24th 2024 on google
Plano, Frisco & Richardson, TX Tax Review

Free 3-Year Tax Review

We review 3 years back to find errors / missed deductions.

About Us Contact Us

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 & Bookkeeping in Plano, 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 Plano, Frisco & Richardson. So when you ask yourself, "Where can I find accountingbookkeeping services near me?"... think no further than Paramount Tax & Bookkeeping in Plano!

Free Consultation

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 & Bookkeeping in Plano a call or visit our tax and accountingbookkeeping firm in Plano, Frisco & Richardson for a free consultation.

Individual Tax Preparation Business Tax Preparation