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A
aylamadams
April 7, 2025
Question

I need to file an extension I don’t think I owe but if I do owe and file later what happens?

  • April 7, 2025
  • 1 reply
  • 0 views
Cannot file in time for deadline so far I do not owe.

    1 reply

    M
    Mike9241
    April 7, 2025

    filing the extension generally prevents imposition of late filing penalty that is 4.5% per month on amount owed for up to 5 months. you are still subject to any late payment penalty which is .5% a month + interest. 

     

    if you don't owe, there are no penalties even if you file late. 

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