What do I do now?!
I did file for the extension that ended on the 15th of this month (June) Now what do I do????
I just let it slide right on by and I didn't do a dang thing!!
And they are my hubbys' taxes that I have just screwed up.
If I send them in this late will they still accept them?!
HELP!!!!!!!!!!!!! Please.....oh ......please
2007-06-19 07:27:35 · 3 answers · asked by oodlesoanimals 5 in Business & Finance ➔ Taxes ➔ Other - Taxes
Don't panic. I am not a tax lawyer, but the cops are not yet on the way to your house. I have an aunt who filed about a year late. If you owe taxes there will be a penalty plus interest. If you are owed a refund there will still be a penalty and that will be taken out of the tax refund.
2007-06-19 07:35:52 · answer #1 · answered by Cindy B 5 · 0⤊ 1⤋
The Form 4868 extension is good through October 15th, not June 15th.
BUT it's ONLY an extension of time to file, NOT an extension of time to pay any tax due. If any tax is due, penalties and interest will continue to accrue until the taxes a paid.
You can file a return at any time -- even years late. You'll just have to pay the appropriate penalty, if any. A return claiming a refund must be filed within 3 years of the filing deadline (plus extensions) or the refund is lost forever.
So, get off your lazy backside and file that return! Don't be such a damn whiner -- be a DOER!
2007-06-19 15:32:09 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
The extensions are for 6 months, so you're still OK. Get it in as soon as possible though - if you have a refund coming, you won't get it until you file, and if you owe, you're being charged interest and late payment penalties until you pay - the extension isn't an extension to pay, just an extension to file.
2007-06-19 15:57:04 · answer #3 · answered by Judy 7 · 1⤊ 0⤋