What Happens If You Miss the Tax Extension Deadline?
When you request a tax extension, you get an additional six months to get your return completed. If at all possible, get your return in by the tax extension due date of October 15, or at least as soon as possible thereafter. If you miss the tax extension deadline, you’ll incur penalties that are retroactive to the original tax due date of April 15 .
Remember, you must pay your taxes by the tax deadline or you’ll incur penalties. The tax extension deadline only applies to filing taxes, not paying any tax due.
Need more time to pay your taxes? You can request to pay your taxes in installments with an IRS payment plan. While it’s best to pay your taxes on time, setting up an installment agreement can help reduce further penalties.
The IRS uses information statements to determine the accuracy of returns. Read the IRS definition and get more insight from H&R Block.
The IRS has a variety of transcripts that contain your tax account information. Read the IRS definition and get more insight from the experts at H&R Block.
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Yes, the IRS can visit you. But this is rare, unless you have a serious tax problem. Learn more and get help from the tax experts at H&R Block.