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 July 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.
When a fraudulent tax return is erroneously accepted by the IRS, you can obtain a redacted copy of the return. Learn more from the tax experts at H&R Block.
Learn more about the three withholding status options on your W-4 Form - single, married, and married but withholding at a higher rate; from H&R Block.
Learn more about Letter 3219B and how to handle an IRS notice of deficiency for your business with help from the tax experts at H&R Block.
Get the facts about IRS past due tax returns. Read the IRS definition and get more insight from the experts at H&R Block.