Hi. I filed before midnight on June 15th. When i received the 'successful file' page it listed June 16th. It is not June 16th in EST. thoughts?

[hillross4evah]

(I live abroad)

[Bsch4477]

Shouldn’t be a problem. 

[hillross4evah]

@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!

[Critter-3]

First... pay what you owe ASAP to reduce any penalties/interest from accruing... you can either mail in a payment or pay online directly but be aware that paying with a debit/credit card has fees attached to it.  www.IRS.gov/pay

Second... the deadline  to file was midnight on June 15th in YOUR time zone not EST.

Third ... the IRS will bill you for any penalties/interest they believe you owe ... you don't have to compute it yourself.  Hopefully you put in an extension by 4/15 ... doing so gives you to 10/15 to file and you don't need to worry about the 6/15 deadline. 

[fanfare]

Go to the IRS website to find out how penalty and interest is calculated.

https://www.irs.gov/payments/interest

when you are late, IRS will calculate any penalty and bill you.

@hillross4evah 

[Bsch4477]

All you can do is pay what you owe as soon as possible. Any interest or penalty will be calculated by the IRS. 

[hillross4evah]

@fanfare @Bsch4477 @Critter-3 Hi,  i have lived abroad for several years, so june 15 was my deadline- i am confused as one screen listed the 16th and prior one listed the 15th. i have not been back to the U.S. since 2018, which was for 10ish days.

1. Does anyone know if the Turbo tax transmitted time is the equivalent of the filing time? Does the pending Efile status impact the official filing date?  This is what i received fro turbo tax in two different emails:

a confirmation order that that lists: Order Date: 06/15/2023

Returns sent2022 Federal Personal
2022 Oregon Personal

Returns transmittedJune 15, 2023, 8:26 PM PDT. (which is 11:26 EST)

Est. acceptance dateJune 17, 2023 (they were accepted a couple hours after transmitted)

Current e-file statusPending

2. Does anyone know if physical presence is sufficient for either the Feds and/or  OR (so, not bona fide tax residency in another country, just that i haven't been to the states since 2018) in any way that is relevant to taxation IF the taxable income is from a 1099-R (inherited IRA).  From what i am probably wrong about, i am liable for fed taxes, but if not, i would love to learn that and be thrilled.  What is less clear to me is Oregon, as it seems clear that, to them, I have been a non-resident for several years. I have paid taxes for every year but this one- I am just unaware if money i take out from that acccount that goest to a bank in Oregon deems it an 'Oregon source.' 

3. Assuming that I was on time to file, I understand that my late payment fee applies to me from April, as that is when the payment became late. Can someone confirm that the fee for late payment is .5% of owed taxed, per month? If that is true, by leaving the money where it is and not paying that late payment fee, that money generates far more than the late payment fee, per month.  If all of this is true, why would I pay that fee now rather than much later?

I asked a lot, and i feel greedy to ask so much, but please know that all your help has saved me so much googling time that would take me to bad places and thank you so so much!

[fanfare]

.5% per month is 6% per year.

that exceeds what you can get in a money market recently

your penalty also accrues interest.

@hillross4evah 

[fanfare]

interest on a penalty not paid is not going to cover the penalty itself.