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New Member
posted Apr 6, 2025 9:34:07 PM

I need to file an extension I don’t think I owe but if I do owe and file later what happens?

Cannot file in time for deadline so far I do not owe.

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1 Replies
Level 15
Apr 6, 2025 9:55:26 PM

filing the extension generally prevents imposition of late filing penalty that is 4.5% per month on amount owed for up to 5 months. you are still subject to any late payment penalty which is .5% a month + interest. 

 

if you don't owe, there are no penalties even if you file late.