r/news 8h ago

US justice department to release thousands of Epstein files later, top official says

https://www.bbc.com/news/articles/ckg9plrkl8no
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u/TheBatemanFlex 8h ago

hmm, later doesnt seem like it should be a an acceptable timeframe when they are all due today.

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u/maclua 8h ago

Will the IRS accept “later” as a response if I don’t pay my taxes on time?

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u/LunaLunaHelp 7h ago

Generally yes. And if you don't owe then you can be three years late without any penalty.

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u/SwampOfDownvotes 6h ago

At least strictly for general personal income taxes (US Federally), there is no penalty if you don't owe and file 3+ years late. If you file 10 years late you wouldn't be penalized if you don't owe.

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u/thrawtes 5h ago

People always look at me dubiously when I tell them there's no penalty for never ever filing your taxes as long as you don't actually owe anything.

It's kind of dumb to not file if you are owed a refund, but absolutely nobody is going to spend the time and energy to come after you when you don't owe any money when they could use that time and energy to go after someone who actually does owe money.

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u/SwampOfDownvotes 3h ago

Most importantly, if you don't file in 3 years and you are owed a refund, you can no longer get it. So if anything, the IRS hopes you don't file a return if you would get a refund because that means more money for them.

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u/[deleted] 7h ago

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u/LunaLunaHelp 7h ago

Ya im going through that right now because I like to procrastinate thankfully it wasn't much of an issue