If I will be getting a refund, is it ok if I file late? Is there any penalties for filing late?
Is there fines and late fees for filing tax for refund?theatre
The IRS could add a penalty but they rarely do. To file for an extension complete IRS form 4868 and mail it before April 17th. That will give you six months to file. This link will take you that form.
http://www.irs.gov/pub/irs-pdf/f4868.pdf
Is there fines and late fees for filing tax for refund?opera music opera theater
If you are getting a refund, why would you file last?
don't file late. send in 4868 request for extension. this gets you till october 15 to get filing in
YOU WILL BE CHARGED A PENALTY AND INTEREST..AND THE IRS HAS THE HIGHEST INTEREST ALLOWABLE
Damn! What a bunch of BAD info!
There are penalties for late filing and late payment of tax. The penalty is based upon how much tax is due. If no tax is due, there is NO penalty, at least at the Federal level.
States may be different. Some follow the Federal lead and don't charge for late filing but others DO assess a penalty for late filing even when a refund is due. OH is a good example. They assess an automatic $500 penalty for late filing even when a refund is due. If your refund isn't large enough to cover the penalty they'll send you a bill.
Well said, Bostonian!
Penalties for late filing are imposed only if you file after the due date and you owe.
If you're due a refund, you have up to 3yrs. from the date the return was due to collect.
If you are due a refund, there aren't any penalties, and there's nothing to charge interest on. But you have to file within three years of the original deadline for the return, or you'll lose your refund.
the 3 above me are correct. Technically you are breaking the law when you don't file on time and IRS COULD prosecute you criminally, but they will not cuz no jury would convict you for not filing on time when/if you have a refund due.
Yes, even if you are getting a refund you cannot file late without penalty. The govt charges interest for late filers. You can file for an extension but you would still be charged a penalty.
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