FYI: Failure to File

Taxpayers who filed 2019 and 2020 tax returns late will have their failure to file penalties abated automatically. If they have not filed these returns to date, they only have until September 30, 2022 to file the returns and qualify for the abatement. For those who have filed their returns, the penalties will be abated automatically and either be refunded to those who paid or credited to the account for those who have a balance due. To qualify for this relief – any eligible income tax return must be filed on or before September 30, 2022.

Brenda Schmitt

A Iowa State University Extension and Outreach Family Finance Field Specialist helping North Central Iowans make the most of their money.

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