It depends. There will be a penalty for filing late since you did not have a valid extension of time to file.
The penalty charge is:
- 5% of the tax due for each month (or part of a month) the return is late, up to a maximum of 25%
- If your return is more than 60 days late, your minimum penalty is the lesser of $100 or the total amount due on the return
If you do not pay your tax when due, NYS will charge you a penalty in addition to interest. The penalty may be waived if you can show reasonable cause for paying late.
The penalty charge is:
- 0.5% of the unpaid amount for each month (or part of a month) it is not paid, up to a maximum of 25%
It is recommended to go to the NYS Penalty and Interest Calculator to calculate the approximate amount you may be liable for.
Interest and Penalties
@ecannan11
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