Can you receive a failure to file penalty even with a Tax Extension if you don't pay a certain amount by April 15th?

[davsea17]

Just wondering, I read somewhere earlier that you can get a Failure to File Penalty if you don't pay 85% or 90% even with an extension 4868 .....

Or did they mean Failure to Pay penalty? 

As I know the Failure to File Penalty is alot more.

So if someone only paid 50% or 70% of what they owed by April 15th and paid the rest in October that would not cause the Failure to File Penalty as well correct? (if person had an extension)

Thanks!

[Bsch4477]

Correct. A failure to file penalty is charged on returns filed after the due date or extended due date, absent a reasonable cause for filing late.

But if you didn’t pay enough tax with your extension you could have an underpayment penalty. 

[davsea17]

Thanks for your response. I was more wondering though if you file an Extension but don't pay a certain percentage by the April 15th date can that cause your extension to be considered invalid and you also end up with a failure to file penalty?

I read that, but maybe that is just corporate returns??

[Bsch4477 · Accepted solution]

It won’t invalidate your extension.