my W2's were lost and i finished doin them online today... but my friend told me dat they finished yesterday... so what happens since it wuz a day late??
2007-04-18 12:19:52 · 9 answers · asked by bigguu254 3 in Business & Finance ➔ Taxes ➔ United States
Well, if you owe there will be a penalty .. if you are due a refund you have 3 years to file ...
Good Luck!
2007-04-18 12:22:13 · answer #1 · answered by Miss Know It All 6 · 4⤊ 2⤋
If you have a refund coming, nothing at all. Penalties are based on the amount of tax that you owe. If you don't owe, there is no penalty.
If you do owe, you'll be looking at a penalty for late filing and interest and penalties for late payment of tax. A few days of interest won't be a heck of a lot. And if you're in the Northeast, your filing deadline was extended to the 19th due to the storms so if you live there there won't be any penalties.
2007-04-18 12:36:51 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 1⤋
Nothing if you are due a refund, but if you owe and did not file and pay on the 17th they will charge you a late filing fee and interest for 1 day
2007-04-18 12:26:03 · answer #3 · answered by mss04 3 · 1⤊ 2⤋
Well, if you owe there will be a penalty .. if you are due a refund you have 3 years to file ...
Good Luck!
2007-04-18 12:26:16 · answer #4 · answered by Anonymous · 2⤊ 2⤋
If you have a refund coming, you're OK - if you owe there might be a small penalty.
2007-04-18 14:29:49 · answer #5 · answered by Judy 7 · 0⤊ 1⤋
5000.00 penalty and up to 10 years in prison..
2007-04-18 15:28:46 · answer #6 · answered by winetaster6 2 · 0⤊ 1⤋
dont send them in!!! go to turbotax website...accordinding to the turbotax website, if you have efile them using turbotax by the 19th you are ok....you have use them, but it sounds like you are ok until the 19th...or if you live in a one of the areas hit by the floods in the NE you have a couple extra days too...check IRS.gov for that
2007-04-18 12:32:36 · answer #7 · answered by CaptnSteve 2 · 1⤊ 3⤋
You get fined a % for each day they're late.
2007-04-18 12:22:32 · answer #8 · answered by EarthGirl 6 · 0⤊ 4⤋
Thats bad dude.........you might be givin up the booty. I hope that makes you feel better
2007-04-18 12:23:43 · answer #9 · answered by Anonymous · 0⤊ 4⤋