Late filed extension

[Gretel]

Does anyone know if an extension can be filed late to minimize the late payment and late filing penalties?

I believe it is either you file on time or you don't, and that's that.

[RitaB]

I believe it is either you file on time or you don't, and that's that.

You are right, that's that. But, you COULD print one, mail it with a check for the tax today, and hope for the best. The late PAYING interest and penalties would have been the same regardless of whether or not you got the extension on time. If you can call that a silver lining.

[Gretel]

You are right, that's that. But, you COULD print one, mail it with a check for the tax today, and hope for the best. The late PAYING interest and penalties would have been the same regardless of whether or not you got the extension on time. If you can call that a silver lining.

Thanks, Rita. I don't quite believe that this is true. The late payment penalty increases quite a bit if the extension was not filed on time.

[RitaB]

I agree

Thanks, Rita. I don't quite believe that this is true. The late payment penalty increases quite a bit if the extension was not filed on time.

Yes, I worded that wrong. I was trying to say you still pay interest on the tax owed, even if you got an extension. It's still late paying even if you're not late filing. I should not have used the word penalty at all.

Sorry, I am not coming across too well today. Sometimes I open my mouth just to change feet. Think I will go clean something.

[ChEAr$]

Sorry, I am not coming across too well today. Sometimes I open my mouth just to change feet. Think I will go clean something.

Or you could come help me paint my new office. (grin

[FEDUKE404]

Likely too late

I doubt if you can file for an extension after the extension deadline has obviously passed. The best you could hope for now is to stop the interest meter running.

PERHAPS you could slide through a snail-mailed extension (it got lost in the mail ) but my guess is the IRS has ways to check, including postmark/bar codes/etc.

I would assume the IRS has some degree of wiggle room built in, but for circumstances such as these it could be very minimal.

OTOH, I recently sent some tax papers (first-class mail) to a client in an adjacent town. Postage was affixed in the post office by USPS clerk.....and it took four days (Tues to Sat....no weekend issue) for the large envelope to arrive.

FE