What should I do if I forgot to file my taxes?

If an individual forgets to file their taxes, it is important to take steps to rectify the situation as soon as possible. The first course of action is to gather all necessary documents, such as income statements and receipts, to accurately complete the tax return. After preparing the tax return, it should be filed even if it is late. The Montana Department of Revenue generally encourages taxpayers to file their returns as soon as they realize they have missed the deadline. In some instances, taxpayers may face penalties or interest for late filing, but it is often better to file late rather than not file at all. If a refund is owed, filing late will not incur penalties, but if there are taxes owed, penalties may apply. It may also be wise to consult the Montana Department of Revenue's website for specific guidance related to filing late, including possible options for payment plans if there are outstanding balances. This site provides valuable resources and information that can assist with navigating the tax filing process.