topic Re: filled extension in Get your taxes done using TurboTax

filled extension

9542103959 — Wed, 11 Feb 2026 10:28:17 GMT

Hello, I filed an extension that was approved on 03/05/2024 and I missed the deadline which was 09/15/2024. How much penalty do I need to pay for filing passed the deadline for the extension?

Re: filled extension

bbaker11 — Wed, 25 Sep 2024 17:46:43 GMT

You did not specify if the extension you filed was for Federal or for a state. However, by filing an extension you have until 10/15/2024 to get your taxes filed. Filing an extension gives you that extra time to file your returns; however, an extension does not give you extra time to pay a balance due. Please see the following link for more information on penalties and interest: https://www.irs.gov/taxtopics/tc653

Re: filled extension

bbaker11 — Tue, 22 Oct 2024 19:30:50 GMT

My apologies. I thought you were referring to the penalties for the filing deadline for individual tax returns. To answer your question, the penalty for filing your S-Corp business return after Sept 15th is $235. for each month or part of a month (up to 12 months) the return is late, multiplied by the number of shareholders or partners.