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What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

 
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DavidD66
Expert Alumni

What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

If you didn't owe anything, it doesn't matter.  If you you had a balance due you will be subject to a failure to file penalty and late payment penalty.  If so, you may be able to have them waived by calling the IRS and asking for a penalty abatement. 

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5 Replies

What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

@ omarpina  wrote:  "What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am"

 

Maybe nothing.    If you are due a Federal refund, there's no penalty for a late return.   If you owed taxes due, you could have a 1 day penalty, or the IRS might be nice on that short period of time.

DavidD66
Expert Alumni

What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

If you didn't owe anything, it doesn't matter.  If you you had a balance due you will be subject to a failure to file penalty and late payment penalty.  If so, you may be able to have them waived by calling the IRS and asking for a penalty abatement. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

Yes, I ll get refund, I don't owe anything thanks to solar credit among others.

 

Thank you.

What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

I dont think it's my case, but an average of this penalties based on the 8 minutes late? "failure to file penalty and late payment penalty."

 

Thank you @DavidD66 

What if I filed 8 minutes later because turbotax wrapping up questions? I filed on April 16 at 12:08am

If you are due a Federal refund, there is nothing to penalize.  Both of those penalties are figured on the amount of unpaid taxes owed.

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