Yes, I contacted my bank today and INITIATED the funds removal, but they said the removal will not be complete for another three days. How does that affect my penalty liability?
- will I have to pay the 6% penalty when I file my taxes today? If so, how do I get that penalty paid back to me after the funds removal is complete?
- or, would filing an extension be a good option to avoid paying the 6% penalty? Once the removal is complete this week (hopefully), I can go ahead and file asap. Edit: FYI I don't owe any other tax since I didn't have any income.
