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Anonymous
Not applicable

What if I’m not ready to file for taxes?

 
1 Best answer

Accepted Solutions
xmasbaby0
Level 15

What if I’m not ready to file for taxes?

You missed the filing deadline of July 15, 2020.

 

If you are getting a refund, there is not a penalty for filing past the deadline.  If you owe taxes, the interest/penalties will be calculated by the IRS based on how much you owe and when they receive your return and payment. The IRS will bill you for this; it will not be calculated by TurboTax.

 

E-filing for 2019 returns will close after October 15, 2020.  After that your return will have to be printed, signed and mailed.  If you owe, your late penalties and interest will continue to add up until you file and pay,

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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2 Replies
Carl
Level 15

What if I’m not ready to file for taxes?

What kind of response are you expecting here?

If you did not request a filing extension before July 15th, then it's to late to request one now. You have until Oct 15, 2020 to e-file your 2019 tax return. After that date the IRS turns off e-filing for 2019 permanently and forever, and you will have to print, sign and mail the return to the IRS.

 

xmasbaby0
Level 15

What if I’m not ready to file for taxes?

You missed the filing deadline of July 15, 2020.

 

If you are getting a refund, there is not a penalty for filing past the deadline.  If you owe taxes, the interest/penalties will be calculated by the IRS based on how much you owe and when they receive your return and payment. The IRS will bill you for this; it will not be calculated by TurboTax.

 

E-filing for 2019 returns will close after October 15, 2020.  After that your return will have to be printed, signed and mailed.  If you owe, your late penalties and interest will continue to add up until you file and pay,

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

View solution in original post

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