2007-04-08 04:06:55 · 16 answers · asked by ainos_vemos 1 in Business & Finance ➔ Taxes ➔ United States
Of course. In fact if you do not owe any money there is no penalty.
There is only interest and penalties if you owe money. If there is a refund due you have 3 years to file before you lose it.
If someone can point to a specific place where it states that there is a penalty if you owe no money please point it out to me. Interest is on unpaid amounts. A penalty is added when you do not pay by the deadline. Where is the penalty for not filing?
2007-04-08 04:08:53 · answer #1 · answered by Barkley Hound 7 · 2⤊ 1⤋
Yes. You can file taxes anytime. If possible, file for an extension. But you can do that after the deadline, too; there will probably be a bit more of a penalty. But the penalties are much, much worse of you don't file taxes at all!
Sorry, penalties do only apply if you owe money. The only people I know who don't file on time are those who owe and can't pay, so I didn't even consider you not having filed when you have money coming to you. Usually those are the first folks in line with their tax return!
2007-04-08 04:09:21 · answer #2 · answered by Bad Kitty! 7 · 1⤊ 0⤋
Certainly you can, but if you owe taxes, then interest and/or penalties will possibly be added onto the tax you owe. You have up to 3 years from the original deadline to file a tax return where you are owed a refund, and forever if you owe tax.
2007-04-08 05:04:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you file for an extension, you can file late BUT you still have to PAY what you owe by the April deadline else you will owe penelties and late fees.
2007-04-08 04:10:04 · answer #4 · answered by htuch2000 4 · 1⤊ 0⤋
Yes, you may and be subject to a late filing penalty. Better to submit the form for an extension and file later without penalty.
2007-04-08 04:13:09 · answer #5 · answered by Anonymous · 0⤊ 1⤋
yes you can this year you have until the 17th of April which is two extra days. and if you don't owe money the IRS don't care they actually hope that you don't so they wont have to pay out after three years. But if you owe money get an extension if your gonna be late because they will fine you heavily if they you don't.
2007-04-08 04:18:20 · answer #6 · answered by NAZARIEL 3 · 0⤊ 0⤋
yes, but if you don't file an extension, you will get hit with penalties. I saw that somene said you can file the extension anytime. That is incorrect..you must file the extension by the due date. If you file it afterwards, it's ignored.
2007-04-08 04:51:59 · answer #7 · answered by lennie1226 2 · 0⤊ 0⤋
Yes. If you owe money, there will be a penalty though. Either way, it is better to file then late instead of never.
2007-04-08 04:16:52 · answer #8 · answered by Mariposa 7 · 0⤊ 0⤋
Sure you can. You must know that if you owe money, there is a penalty. If you need too, file an extension.
2007-04-08 04:11:09 · answer #9 · answered by bpl 5 · 0⤊ 0⤋
you heavily isn't penalized through submitting late in case you do no longer owe any taxes, yet why could you desire to attend until the summer season in case you have become a reimbursement? you additionally can report for an extension in case you at the instant are not arranged to report through the fifteenth of April.
2016-12-08 21:30:59 · answer #10 · answered by ? 4 · 0⤊ 0⤋