What if I didnâ€™t file taxes last year, or forgot to file taxes, should I file a late tax return?
It depends. You should first determine if you were required to file a return. If your income was under certain levels, you’re not required to file. See the filing requirement in Publication 501 under “Who must file.” If you do have a filing requirement, then you should:
- File your last year’s federal and state returns on last year’s forms.
- Pay any balance due as soon as possible to avoid additional penalties and interest.