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Level 1
posted Sep 17, 2025 3:31:51 PM

Late extension

I originally applied for an extension months back and was approved. Do I still have time to file before October this month? What do the penalties look like? Can they be avoided? 

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2 Replies
Level 15
Sep 17, 2025 3:37:20 PM

You have until October 15 to e-file.  After that, your return will have to be filed by mail.   If you are getting a refund, you have three years to file and receive the refund.   If you owe tax due, you were supposed to pay the estimated tax by April 15, 2025.  Did you do that?

 

 

Employee Tax Expert
Sep 17, 2025 3:44:10 PM

You are indicating you did file an extension so you have until October 15, 2025 to file your return.   This extension of time to file is not an extension to pay taxes due.    File your return and pay any taxes due immediately to stop new penalties and interest from being accrued.   

  • Failure-to-file penalty: This penalty is typically 5% of your unpaid taxes for each month or part of a month that your return is late, with a maximum penalty of 25%.
  • Failure-to-pay penalty: If you did not pay your taxes by the original April deadline, this penalty is 0.5% of the unpaid taxes for each month or part of a month. It also has a maximum of 25%.

If you are assessed penalties there are remedies.   

When the IRS waives a penalty it is called abatement.  If you are unable to get the penalties waived and cannot afford to pay in full it may benefit you to enter into an installment agreement to make manageable monthly payments.   Here is a link with further information including the latest on The One Big Beautiful Bill:   IRS penalty abatement