@Bsch4477 thank you for responding! i hope it's not a problem, but I worry. I also struggle with understanding both the late file penalties and late payment penalties.
Do you know how I willI know, for sure, if the filing was or was not considered late? If this makes any difference, both the state and federal filings were 'accepted,' via email, a few hours after I filed them, but clearly on on June 16.I have no idea if that those emails are generated and sent to anyone who files at any time. If I am penalized, even though I filed on time, do you know what that penalty will be?
Also, I mistakenly thought that we owe taxes when we file. I was recently informed that we owed taxes in April, regardless of when we file. I still haven't paid what I owe. I was going to pay via different credit cards. As a procrastinator, when I learned that I couldn't pay via two credit cards on TT, it was a race to try to make those payments on Efile. I thought I had until midnight. When I got onto Efile, a message appeared indicating that their system wouldn't receive payments after 11:45pm on June 15th. When I was unable to pay by 11:45, I realized that I would incur a payment fee, but one that I now know was late long before June 15th, as in April.
I still haven't paid, thinking that I would receive late payment penalty by not paying on the day I filed. I now know that I was meant to pay in April, are you able to enable a very non-math skilled person who had made mistakes on several levels by sharing your understanding of the late payment penalty? From what I think I understand, the late payment penalty is .5% of what I owed, each month, and is irrelevant to if whether or not I am dinged with a late file fee, which seems to be much higher and minimally 5%
I hope what i wrote is understandable. Everything math or taxes is very, clearly, over my head. Thank you so much in advance!
