What Happens If I Don't Pay My Taxes on Time?

Marco Verch Professional Photo, Flickr // CC BY 2.0
Marco Verch Professional Photo, Flickr // CC BY 2.0

While death and taxes may be the only true certainties in life, somehow Tax Day always seems to sneak up on us. So what happens if tax season slips your mind, and you just don't file anything?

It depends. If you already know you're not going to get your taxes done by Tax Day, you can file for an extension. You can get an extra six months to file federal taxes by filling out a form and estimating (and paying) how much you'll owe for that year.

While you may be granted a filing extension, you are still required to pay your taxes by the regular due date: If you don't hand the IRS at least an estimated amount by April 15, you'll be charged a fee equal to .5 percent of the tax you owed in the first place per month it was left unpaid (up to 25 percent). If you ignore repeated notices from the IRS, that .5 percent increases to 1 percent per month. And you'll have to pay interest on the money you haven't given over (3 percent plus the federal short-term rate, which changes every three months, compounded each day).

If you don't file any federal income tax return at all by mid-April, you'll be slapped with a fine—5 percent of the amount you already owe for each month you're overdue, up to 25 percent. If you file your return more than two months late without a good excuse, you'll pay a minimum of $135 in penalty fees, or the balance of the tax you owe, if that total is less than $135. (According to the IRS's website, "The total penalty for failure to file and pay can be 47.5 percent [22.5 percent late filing and 25 percent late payment] of the tax owed.")

If you do a little math, you'll see that it usually pays to go ahead and file your return or get an extension, even if you can't pay your taxes immediately. Here's how Turbotax explains it:

Example: Let's say you didn't file your return or an extension by April 15, and you still owe the IRS an additional $1000.

Scenario 1: You file an extension on or before April 15 and pay your $1000 bill on April 25 (10 days late). Your penalty would be $5 (the 0.5 percent late-payment penalty applied to $1000), plus another dollar or so for the interest.

Scenario 2: You didn't file an extension, and you file your return on April 25 (10 days late) along with your $1000 payment. Your penalty would be $50 (the 5 percent late-filing penalty applied to $1000), plus another dollar or so for the interest.

Scenario 3: You file your return five years late, along with your $1000 payment. Your penalty would be around $534 (the maximum late-filing penalty of 25 percent applied to $1000, plus 5 percent interest compounded daily assuming the interest rate doesn't change).

If you don't owe any taxes because your employer withheld more than necessary and you are due to get a tax refund, you have three years to file your taxes before the IRS will keep that money. So as long as you get around to it by April 2022, you'll still get that money back. After those three years, the IRS will keep your whole refund, and it won't count toward next year's tax bill, either.

Say you just don't want to pay your taxes (a crime, just to be clear). How long before the IRS will come after you?

If your penalties and back-taxes add up to more than $25,000, someone from the IRS is going to come knocking at your door. In 2016, the IRS investigated 206 people for regularly failing to file their taxes, and put 159 people in jail for an average of three years. (Remember, it was the IRS that took down Al Capone.)

If you are a chronic non-filer and don't file your taxes even after warnings from the IRS, the government will go ahead and estimate what you owe, calculating what's called a "substitute for return." This total doesn't include deductions that you might have been eligible for, meaning that if you let the government do your taxes for you, you'll probably end up with a heftier bill.

And that's just at the federal level. While states vary on how they treat people who don't file their taxes, they slap penalties and interest on late returns and payments, too. Some states will even take your federal tax refund to pay your state back taxes. However, in many states, being approved for a federal tax extension also gets you an automatic extra six months on your state income taxes.

The lesson: If there's any chance you'll be late filing your return this year, ask for an extension ASAP.

A version of this story was first published in 2016.

10 Products for a Better Night's Sleep

Amazon/Comfort Spaces
Amazon/Comfort Spaces

Getting a full eight hours of sleep can be tough these days. If you’re having trouble catching enough Zzzs, consider giving these highly rated and recommended products a try.

1. Everlasting Comfort Pure Memory Foam Knee Pillow; $25

Everlasting Comfort Knee Pillow
Everlasting Comfort/Amazon

For side sleepers, keeping the spine, hips, and legs aligned is key to a good night’s rest—and a pain-free morning after. Everlasting Comfort’s memory foam knee pillow is ergonomically designed to fit between the knees or thighs to ensure proper alignment. One simple but game-changing feature is the removable strap, which you can fasten around one leg; this keeps the pillow in place even as you roll at night, meaning you don’t have to wake up to adjust it (or pick it up from your floor). Reviewers call the pillow “life-changing” and “the best knee pillow I’ve found.” Plus, it comes with two pairs of ear plugs.

Buy it: Amazon

2. Letsfit White Noise Machine; $21

Letsfit White Noise Machine
Letsfit/Amazon

White noise machines: They’re not just for babies! This Letsfit model—which is rated 4.7 out of five with nearly 3500 reviews—has 14 potential sleep soundtracks, including three white noise tracks, to better block out everything from sirens to birds that chirp enthusiastically at dawn (although there’s also a birds track, if that’s your thing). It also has a timer function and a night light.

Buy it: Amazon

3. ECLIPSE Blackout Curtains; $16

Eclipse Black Out Curtains
Eclipse/Amazon

According to the National Sleep Foundation, too much light in a room when you’re trying to snooze is a recipe for sleep disaster. These understated polyester curtains from ECLIPSE block 99 percent of light and reduce noise—plus, they’ll help you save on energy costs. "Our neighbor leaves their backyard light on all night with what I can only guess is the same kind of bulb they use on a train headlight. It shines across their yard, through ours, straight at our bedroom window," one Amazon reviewer who purchased the curtains in black wrote. "These drapes block the light completely."

Buy it: Amazon

4. JALL Wake Up Light Sunrise Alarm Clock; $38

JALL Wake Up Light Sunrise Alarm Clock
JALL/Amazon

Being jarred awake by a blaring alarm clock can set the wrong mood for the rest of your day. Wake up in a more pleasant way with this clock, which gradually lights up between 10 percent and 100 percent in the 30 minutes before your alarm. You can choose between seven different colors and several natural sounds as well as a regular alarm beep, but why would you ever use that? “Since getting this clock my sleep has been much better,” one reviewer reported. “I wake up not feeling tired but refreshed.”

Buy it: Amazon

5. Philips SmartSleep Wake-Up Light; $200

Philips SmartSleep Wake-Up Light
Philips/Amazon

If you’re looking for an alarm clock with even more features, Philips’s SmartSleep Wake-Up Light is smartphone-enabled and equipped with an AmbiTrack sensor, which tracks things like bedroom temperature, humidity, and light levels, then gives recommendations for how you can get a better night’s rest.

Buy it: Amazon

6. Slumber Cloud Stratus Sheet Set; $159

Stratus sheets from Slumber Cloud.
Slumber Cloud

Being too hot or too cold can kill a good night’s sleep. The Good Housekeeping Institute rated these sheets—which are made with Outlast fibers engineered by NASA—as 2020’s best temperature-regulating sheets.

Buy it: SlumberCloud

7. Comfort Space Coolmax Sheet Set; $29-$40

Comfort Spaces Coolmax Sheets
Comfort Spaces/Amazon

If $159 sheets are out of your price range, the GHI recommends these sheets from Comfort Spaces, which are made with moisture-wicking Coolmax microfiber. Depending on the size you need, they range in price from $29 to $40.

Buy it: Amazon

8. Coop Home Goods Eden Memory Foam Pillow; $80

Coop Eden Pillow
Coop Home Goods/Amazon

This pillow—which has a 4.5-star rating on Amazon—is filled with memory foam scraps and microfiber, and comes with an extra half-pound of fill so you can add, or subtract, the amount in the pillow for ultimate comfort. As a bonus, the pillows are hypoallergenic, mite-resistant, and washable.

Buy it: Amazon

9. Baloo Weighted Blanket; $149-$169

Baloo Weighted Blanket
Baloo/Amazon

Though the science is still out on weighted blankets, some people swear by them. Wirecutter named this Baloo blanket the best, not in small part because, unlike many weighted blankets, it’s machine-washable and -dryable. It’s currently available in 12-pound ($149) twin size and 20-pound ($169) queen size. It’s rated 4.7 out of five stars on Amazon, with one reviewer reporting that “when it's spread out over you it just feels like a comfy, snuggly hug for your whole body … I've found it super relaxing for falling asleep the last few nights, and it looks nice on the end of the bed, too.” 

Buy it: Amazon 

10. Philips Smartsleep Snoring Relief Band; $200

Philips SmartSleep Snoring Relief Band
Philips/Amazon

Few things can disturb your slumber—and that of the ones you love—like loudly sawing logs. Philips’s Smartsleep Snoring Relief Band is designed for people who snore when they’re sleeping on their backs, and according to the company, 86 percent of people who used the band reported reduced snoring after a month. The device wraps around the torso and is equipped with a sensor that delivers vibrations if it detects you moving to sleep on your back; those vibrations stop when you roll onto your side. The next day, you can see how many hours you spent in bed, how many of those hours you spent on your back, and your response rate to the vibrations. The sensor has an algorithm that notes your response rate and tweaks the intensity of vibrations based on that. “This device works exactly as advertised,” one Amazon reviewer wrote. “I’d say it’s perfect.”

Buy it: Amazon

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What Should You Do In the Unlikely Event You Meet An Alien?

If you ever find yourself in a Mac and Me-type situation, it's best to know what to do.
If you ever find yourself in a Mac and Me-type situation, it's best to know what to do.
Shout! Factory

What do you do if you encounter an alien? It’s obviously fairly unlikely, but nothing is impossible—after all, you can’t spell meet without ET. If there’s a stray dog in your backyard, there’s a set procedure to follow. But what if, rather than a mere hound, it’s a creature from another world?

“If you meet an alien in your backyard, my recommendation is to get out of town,” Seth Shostak, senior astronomer at the SETI Institute, an organization seeking to explore, understand, and explain the origin and nature of life in the universe, tells Mental Floss. “If they have the technology to come here, they’re so far beyond us that whatever they want to do, they're going to do. If they’re here to take over the planet, it’s going to be pretty hard to stop them.”

A creature from another planet lurking on your property means not only that there is intelligent life elsewhere, but that it is at a significantly more technologically advanced stage than humanity. A species with the ability to not only travel the enormous distances involved (the closest star to our sun, which does have some potentially life-supporting planets, is 4.2 light years away), but also land undetected in your flowerbed would simply have us outclassed.

As you flee, however, you might want to contact the emergency services. If, for instance, the alien is aflame—and given that we know nothing about what form such a creature might take, there’s no real reason it wouldn’t be—you might want to give the fire department a call, for example. Moving up a notch, the FBI and Department of Defense are frequently contacted with flying saucer sightings, as are the UK’s Royal Air Force and Ministry of Defence and, well, pretty much every other emergency service in every country. This is because there is no set protocol, no universally agreed-upon decree of exactly what to do in the event of a close encounter.

“As far as I know, there is no policy for that, because that would be like Neanderthals having a policy for if the U.S. military decided to take them on,” Shostak says. “If aliens were actually landing here, we could have whatever policy we wanted and it wouldn’t be likely to help much.”

A scene from E.T.
Universal Pictures Home Entertainment

Whatever Hollywood might tell us, the likelihood is that any contact we have with beings from another world will be limited to picking up a signal from deep space, rather than encountering the long fingers and warm heart of a charming 3-foot-tall alien rustling around in shrubbery. As luck would have it, there is a protocol for that; it's known as the Declaration of Principles Concerning Activities Following the Detection of Extraterrestrial Intelligence [PDF] and was put together by the International Academy of Astronautics with input from Shostak.

The protocols are also entirely voluntary, with no force of law behind them and nobody under any obligation to adhere to them. What if you don’t want to tell everybody? What if you fancy keeping information about life beyond Earth to yourself for a while? You’re the one talking to aliens, after all—surely you can make a few bucks out of the situation ...

As Shostak points out, this kind of thinking is unlikely to get you anywhere. Given the distances involved, and the power required to transmit information that far, you aren’t going to be in any kind of dialogue. Secondly, revealing that you have detected a transmission is useless without it being verified and studied—the process of which, by necessity, involves making that information available to the world. Thirdly, interpreting any alien message will be a mammoth task involving a lot of work from a lot of people, a task unlikely to ever reach a definitive conclusion. “It would depend on whether they were trying to make it easy,” Shostak says.

Anything you discovered would belong to humanity as a whole, as we collectively tried to figure out what the signal meant, both literally and existentially, knowing we are not alone in the universe. You’d get to be the first person to prove there was intelligent life beyond Earth, which might be mildly less exciting in the short term than getting attacked by a little green man while taking the trash out, but at least you’d live to tell the tale.