your taxes by Monday say you did it Friday what will happen?
2007-04-15 00:28:52 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you had a refund coming, nothing would happen. If you owe, you'll end up paying interest and penalties. If it's just a few days late, that won't add up to much unless you owe a very large sum.
2007-04-15 04:08:26 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Tuesday is the filing deadline. If you have a refund coming, no penalty. If you have a balance due, the failure to file penalty is 5% a month for a maximum of 5 months, and failure to pay is about 1/2% a month. If you file and pay by friday, you may fall within the tolerance level, and owe no addtional, unless you have a large balance due.
2007-04-15 02:18:30 · answer #2 · answered by Qinella 1 · 0⤊ 0⤋
You have until 11:59 pm Tuesday night.
After that you have to pay penalties on any money you owe.
2007-04-15 01:52:26 · answer #3 · answered by Answer Lady 2 · 0⤊ 0⤋