If you forgot to file taxes what will happen?

It's never too late to file.

Just go ahead and do it now and don't worry about it. Interest and penalties if you owe anything just keep adding up for every day that you put off doing it. Getting them filed now will stop any more interest and penalties.

The following I've added from my blog, www.taxreliefsolutions.com

If you forgot to file your return this past year and you know that you're going to owe money to the IRS, it is in your best interest to file as soon as possible to avoid failure-to-file penalties. The IRS may file the return for you, which will never be in your favor. This is called an SFR- Substitute for Return. If you don't pay what you owe, keep in mind that on top of interest charged, you'll also have to pay failure-to-pay penalties, which can very quickly add hundreds or even thousands on top of what you owe.

Of course you may be in a situation where it is not necessary to file a return. The questions in my blog post at the link below, which come directly from the IRS website, will help you determine if you need to file a Federal Income Tax return.

Keep in mind that in many cases you may be eligible for a refund, so though it is not required that you file, it is in your best interest so that you can receive the refund.

Here is the link to see more detailed information...

http://taxreliefsolutions.blogspot.com/2009/06/did-you-forget-to-file-your-taxes.html