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Failing to file your taxes by April 18th can result in penalties and interest charges. The District of Columbia assesses these fees based on the amount owed and the amount of time you remain unfiled. Additionally, you could lose any potential refunds if you do not file in time. It's crucial to file taxes on time to maintain compliance and avoid these issues.
Filing your taxes late can lead to various consequences. The District of Columbia may impose penalties and interest on the amount owed. If you delay too long, you could face more severe penalties, including the risk of enforcement actions. It's essential to address your tax obligations promptly to avoid these complications.