2007-04-02 10:20:13 · 12 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Extension is "to file", but "payment" is due I heard.
2007-04-02 10:23:39 · update #1
First, the tax is due April 15 even if you get an extension. The extension is to file not to pay. You can do payments but there will be interest added to the amount.
You can apply for payments here:
http://www.irs.gov/individuals/article/0,,id=149373,00.html
2007-04-02 10:26:01 · answer #1 · answered by Barkley Hound 7 · 4⤊ 1⤋
It's due on April 17 this year, and yes, and extension is just to file, not an extension of time to pay.
If you can't pay all that you owe, send in what you can, and they'll set up payments for you to pay the rest. There will be interest, and possible fees and penalties.
2007-04-02 11:22:21 · answer #2 · answered by Judy 7 · 3⤊ 0⤋
Technically your tax return and any taxes owed are due by the filing deadline, You need to file and send as much in payment that you can. You can request a payment plan but keep in mind that you will be charged penalties and interest until your account is paid in full. There is also a fee for setting up a payment plan
http://www.irs.gov/taxtopics/tc202.html
2007-04-02 10:33:01 · answer #3 · answered by Anonymous · 4⤊ 0⤋
You can send in a form asking for an installment agreement. It has to be paid over 12 months. You can also pay by credit card. Note: This year taxes are not due till April 17 due to a holiday.
2007-04-02 10:26:04 · answer #4 · answered by Moose 1 · 0⤊ 1⤋
It is all due on the 15 th, the extension is for paperwork, the $ is still due on the 15 th. I personally have not sent the money in right away and they charge you a percentage, which is not cheap. Keep photo copies of all checks and send "registered" the communications on something is slow, laborious. It is not worth doing this way if you can get, borrow the $ anyplace else.
2007-04-02 10:32:27 · answer #5 · answered by Anonymous · 1⤊ 1⤋
This year its the 17th and you should pay all you can. You can ask for a payment arrangement for the balance - but remember there will be penalties and interest.
2007-04-02 10:24:39 · answer #6 · answered by professorc 7 · 3⤊ 0⤋
It's due 4/15 (or this year, 4/16), but you can work out a payment plan. It will cost you interest, though.
2007-04-02 10:23:37 · answer #7 · answered by Still reading 6 · 1⤊ 3⤋
You can file for an extension.
EDIT - if you file an extension, payment is not due. This is for Federal, I'm not sure about for your state.
2007-04-02 10:22:35 · answer #8 · answered by smellyfoot ™ 7 · 0⤊ 4⤋
You can make payments, if you pay nothing on it, eventually they will take it out of your refund, if you get one back.
2007-04-02 10:23:31 · answer #9 · answered by Tracy H 2 · 0⤊ 3⤋
check this out, very helpful... http://consumerist.com/consumer/irs/cant-afford-your-taxes-apply-for-an-installment-plan-249299.php
2007-04-03 09:24:34 · answer #10 · answered by kamikaze2427 1 · 0⤊ 0⤋