The IRS just kept $1.2 billion in unclaimed 2022 refunds after the April 15 deadline passed. Disaster area residents may still have time — here is who qualifies and what to do about unfiled returns.
Quick Answer: Taxpayers who owe the IRS can reduce penalties by up to 25% simply by filing their returns on time, even without payment. The failure-to-file penalty costs 5% monthly (up to 25%), while late payment penalties are significantly smaller, making timely filing essential even when unable to pay immediately. The following guest post was …
Quick Answer: Karen’s $5,000 IRS debt from unfiled 2006 alimony income can likely be resolved through a monthly payment plan, as the IRS has become more cooperative during economic difficulties. Her upcoming bankruptcy filing creates a positive opportunity to address both issues simultaneously rather than continuing to struggle with unmanageable debt.“Dear Steve,I am 62, divorced, …
Did this conversation help?
Thank you. I'm glad you reached out.
You took an important step today. Come back any time.
Think of this as me — just in AI form. I've walked in your shoes. I filed bankruptcy myself in 1990, and in over 30 years of experience I haven't seen a situation that can't be worked through or a person who deserves judgment. Everything here is built on that experience, that research, and genuine care for you. I can't be there in person. But I can be here.
Conversations are saved anonymously. Personal details are automatically removed before storage. This is an AI — not a financial advisor, attorney, or therapist.
Not sure where to start?
Been here before?
