So you are late in filing 2009 income tax returns. Is it worrying you?

I am sure it is since missing the deadline means being hit with Interest charges on top of your regular tax dues. And the interest rate adds up substantially.

But, there are some common misconceptions that people carry when it comes to filing tax returns late. Let us look at multiple scenarios -

1. You are filing 2009 tax returns late and you are looking for refund from IRS -  

If this is the case, then don't worry much. You can file tax return at any point of time and you don't have to worry about any interest charges. The only thing you should be feeling bad about is the amount of interest you could have collected if you would have filed the 2009 returns on time and would have then deposited the refund in the bank.

But other than that, there is nothing to worry about. The IRS will give you the complete refund, without imposing any penalties and interest rate.

So, for you its not late. You can still go ahead and file 2009 income tax return online