For Those Who Missed Paying Their Taxes on Time...

Taxpayers who have a federal refund coming, have three years to file a return to get it. For taxpayers who owe taxes, and failed to get their return in on time last week, they need to file a return as soon as possible, according to St. Paul IRS Spokesperson Carrie Resch. She says there is a five percent penalty per month on taxes owed.
Resch says it is important to pay as much of what is owed as soon as possible to reduce the size of the penalty.