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    #1

    penalty

    If your income all come from IRA or pension, as long as you pay tax dues before 4/15, there should have no penalty, is it correct?
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    #2
    Your question is not very clear. One possible answer is that with the new extended deadline of May 17, there would be no FTP (failure to pay) penalty if you pay your full tax liability by 5/17. I would also add that penalties are not based on whether or not "your income all come from IRA or pension".
    "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard

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