Downloading your tax extension that you filed

The IRS applies late penalties and interest on a case-by-case basis and will send a separate bill if penalties apply. Because the IRS has the last word on penalties, we can't calculate the exact amount if your return is late. But the info below will give you an idea of what to expect in a worst-case scenario courtesy of IRS Tax Topic There are two types of fees that may apply, plus interest on any unpaid taxes:.

You have through October 20, to fix and resubmit your return to the IRS without being subject to late filing fees. Since late filing penalties are higher than late payment penalties, you should file a return or extension even if you can't afford to pay your taxes on time. In case you have unpaid taxes for this or a previous tax year, you might owe tax penalties and interest. Are there penalties if I expect a tax refund, but do not file on time?

No, there is no tax penalty for failure to eFile a tax return or tax extension if you expect a federal or state tax refund. However, by waiting too long to eFile, you can lose your refund. Find more information on tax penalties, late interest payment or IRS fees here. Can't pay the taxes you owe? Explore options to help you ease your tax burden now.

The requirements for filing a state tax extension vary from state to state. They mostly relate to tax extension filing deadlines, tax payment rules, or certain tax extension forms to fill out or not, in some states' cases. However, in general, most states follow the deadline to file a federal tax return extension.

Find out how to file a state tax extension for a particular state. Dare to compare eFile. Only eFile a tax extension if you don't have all the information you need to prepare a tax return. If you do not have the funds to pay taxes - but you have all documents ready to file a return - that is not a reason to e-File an extension.

You can eFile an extension in this case as it would eliminate the missed filing deadline line penalty, but it will not eliminate the late tax payment penalty. If you have everything you need - documents, forms - to file taxes, then preparing and e-filing a tax return by Tax Day, even if you can't pay all or some of your taxes, will save you time.

Before you e-file a tax extension, consider these common misconceptions and truths about tax extensions:. A tax extension only postpones your time to file a return, not your time to pay your taxes! Frequently asked questions. How do I file an IRS tax extension? Can I file a second tax extension?

Do I need to file a tax extension for my state taxes? How do I finish up in TurboTax after filing an extension? Page Last Reviewed or Updated: Jul Share Facebook Twitter Linkedin Print. Related Information: How do I move my tax data file to another computer? What's the difference between the tax data file and the PDF file? How do I open my tax return in the TurboTax software I installed?

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