turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bustr
New Member

Will there be any penalty assessed? I will be paying my tax bill on November 3, 2019. I fed for an extension in April.

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

Will there be any penalty assessed? I will be paying my tax bill on November 3, 2019. I fed for an extension in April.

If you have tax due, it was supposed to be paid by April 15, 2018.  Your extension did not give you extra time to pay your tax, it only gave you extra time to get your documents in order and prepare your tax return.  And the deadline for a return with an extension is October 15, 2019.  After that, online preparation and e-filing will shut down for 2018 returns.  If you miss the e-filing deadline, you will need to purchase and download desktop software to complete your return, which will then have to be printed, signed and mailed.

 

If you owe tax due, the penalties and interest will be calculated by the IRS based on how much you owe and when they receive your payment.  TurboTax will not calculate it.  The IRS will bill you later.

 

When you requested your extension you were supposed to pay your estimated tax due.  Did you enter the payment you made into your tax return?  Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Other Income Taxes  This will show up on line 17 of your Form 1040

**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.**

Will there be any penalty assessed? I will be paying my tax bill on November 3, 2019. I fed for an extension in April.

In addition to the penalties and fees on the taxes due noted above, there will be a fee for filing late.   Call then IRS now.  They are increadibly helpful in workin out a plan ifyou talk to them before something becomes an issue.

Anonymous
Not applicable

Will there be any penalty assessed? I will be paying my tax bill on November 3, 2019. I fed for an extension in April.

even if you can't pay by 10/15/19 you should file your return by that date to avoid late filing penalties on top of late payment penalties

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies