Tax Planning Missed Tax Extension Deadline? What You Need To Know Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Published Oct 17, 2023 - [Updated Apr 19, 2024] 3 min read The tax year 2022 tax extension filing deadline was October 16th, and while some of you may have scrambled to make the tax deadline, a few of you may have missed it and are wondering what to do. It’s also possible that your state may have an additional extension, and you may have a little more extra time. Most California filers were granted an additional month extension for their federal and state tax return after three natural disasters impacted the state over several months. If you did miss the tax filing extension deadline, read up on these 5 important questions and answers to help you figure out what to do next. I missed the tax deadline. Should I still file? Yes, you should still file your taxes as soon as possible. Even if your income was under the Internal Revenue Service (IRS) filing requirement of $12,950 single and $25,900 married filing jointly for 2022, you should still file your taxes if you had federal taxes taken out or are eligible for a refundable tax credit like the Earned Income Tax Credit since you may have a refund coming. Every year the IRS reports that they have close to $1 billion in unclaimed refunds. How should I file my taxes? IRS e-file is now closed, but you can still file your taxes by downloading TurboTax software and printing and mailing in your tax return. If you started your 2022 tax return with TurboTax, you have until October 31 at 9 pm PST to file your tax return online. Will the IRS charge penalties for not filing by October 17th? If you have a tax refund coming, there is no penalty for filing late. Penalties are calculated based on amounts due. If you file after the October 16 extended tax deadline and you owe, you will be subject to late filing fees. If I owe money, will I be charged penalties and interest? Unfortunately, you may receive three separate penalties on balances due on late tax returns as follows: Failure-to-file penalty Failure-to-pay penalty Interest The failure-to-file penalty can be the steepest as it starts out at 5% for each month the tax return is not filed and can go up to a total penalty of 25% of your balance due. If both the 5% failure-to-file penalty and the 0.5% failure-to-pay penalty apply in the same month, the maximum penalty you’ll pay for both is the 5% failure-to-file penalty. Even if you owe money and can’t pay your taxes, you should still file to eliminate this penalty. In addition, you may be eligible for other payment plans and options like an installment agreement. If I have a hardship, will I still have to pay penalties? Unfortunately, you may have experienced hardship this year with everything going on. If you show the IRS reasonable cause for not filing on time, you may not have to pay penalties. Additionally, if you were a victim of a federally declared natural disaster, the IRS may also offer relief in the form of extensions to make a tax payment or file your taxes in many cases. Be sure to check the IRS website for more information. Hopefully, this puts your mind at ease and moves you closer to filing your taxes. Just because you didn’t make the tax deadline doesn’t mean you should forget about filing altogether. Who knows, you may even be missing out on a tax refund. TurboTax Has You Covered Don’t worry about knowing these tax rules. Meet with a TurboTax Full Service expert who can prepare, sign and file your taxes, so you can be 100% confident your taxes are done right. Start TurboTax Live Full Service today, in English or Spanish, and get your taxes done and off your mind. Get started now Previous Post 8 Last Minute Tax Tips to Make the Tax Extension… Next Post 12 Ways to Save on Taxes Through Life’s Transitions Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. 12 responses to “Missed Tax Extension Deadline? What You Need To Know” If I file my extension later than October 15, but do not owe anything, will I still be penalized? Reply I have a problem…i did not file my 2011 taxes but I did file my 2012 taxes and got a return in 2012…My 2011 taxes I will owe. I’m going to file my 2011 taxes this year with my 2013 taxes. What am I up against? I’m kinda scared to file cause I should have done it when I filed my 2012 taxes. Reply Hello. How can i file for taxes for 2012, and how long it will take to resolve this problem? what forme do i need to file? my income for 2012 are about 9500$. Thank you! Reply I have GREAT news for anyone that started and finished their taxes and did not file. GO TO browsing history and look up the last place you were on Turbo tax to pick up where you left off. Pay and File. IT WORKS providing you did not DELETE your browsing history. Reply I made an extension from April 15 2013 to October 15 2013. Now I am in terrible situation. All the money I collected for IRS I had to sent to my relatives to Ukraine. My brother has to go thought very hard surgery. Is there any possibilities to make an extention from October 13, or to have a payment plan.I would pay monthly and I will be able to pay all amount in full in 4 month.(after October). May be I have to make my first payment before October 15? Please give me a good advize how can I do this?I am a foreigner and I make this taxes the first time in my life. Please, I will be apprweciated for any help Reply Hi Lola, Don’t worry. The IRS has installment payment plans, which allows you to make monthly payments. Whether you pay what you can or nothing when you file, you will receive a bill with your balance due and information on how to start a payment plan. Here is more information for you http://blog-turbotax-intuit-com-develop.go-vip.co/2013/04/22/relief-if-you-filed-on-time-but-cant-pay-your-taxes/ Thank you, Lisa Greene-Lewis Reply My friend did not file taxes in 2011 because was told he was under the gross income amount required for filing. even though, there were 1099’s involved, should he have filed? he also had been filing jointly with his wife that was deceased in 2011..now he is having trouble getting his taxes filed for 2012, should he go back and file 2011 and would there be a penalty?? Reply Hi Molly, Yes he can still file a 2011 tax return and indicate that his wife was deceased. He should file he may be entitled to a tax refund especially if he is eligible for tax credits like the earned income tax credit. He can go online and download prior year’s software. After his 2011 is completed he can also prepare his 2012. There probably would not be a penalty if he was under the gross income requirement. Here is the link to download previous tax years http://turbotax.intuit.com/personal-taxes/past-years-products.jsp I hope this helps you. Thank you, Lisa Greene-Lewis Reply I did not realize Turbo Tax online would shut down on or just after the 15th of Oct. I lost about half of the return. How best should I proceed? I am old and a very slow typist. Reply Hi Roscoe, I am so sorry that you lost some of your data. TurboTax Online has to shut down in conjunction with the IRS since the IRS stops accepting e-filed returns at that time, because they have to process 2011 extended returns and get ready for the 2012 tax season. You can download our 2011 software and finish your tax return. Here is the link http://turbotax.intuit.com/personal-taxes/past-years-products.jsp Thank you, Lisa Greene-Lewis Reply I am finishing up my return for 2011 that was on extension, and I just received a copy of my ex-husband’s return that he has already filed, as per our divorce agreement. He has claimed alimony for $31,000 more than I actually received from him. What will the IRS do in this situation? I receive my alimony as a direct deposit to my checking account twice monthly, so I do have documentation to prove the amount that was received by me. Leave a ReplyCancel reply Browse Related Articles Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report… Work Using Form 8829 to Write-Off Business Use of Your Home Tax Tips Roth 403(b) vs. Roth IRA: Which Should You Invest In? Life Interest Rates, Inflation, and Your Taxes Investments Essential Tax Tips for Maximizing Investment Gains Uncategorized TurboTax is Partnering with Saweetie to Elevate Hoop Dr… Business Small Business Owners: Optimize Your Taxes with a Mid-Y… Small Business The Benefits of Employing Your Children and the Tax Bre… Income and Investments Are Olympics Winnings Taxed?
If I file my extension later than October 15, but do not owe anything, will I still be penalized? Reply
I have a problem…i did not file my 2011 taxes but I did file my 2012 taxes and got a return in 2012…My 2011 taxes I will owe. I’m going to file my 2011 taxes this year with my 2013 taxes. What am I up against? I’m kinda scared to file cause I should have done it when I filed my 2012 taxes. Reply
Hello. How can i file for taxes for 2012, and how long it will take to resolve this problem? what forme do i need to file? my income for 2012 are about 9500$. Thank you! Reply
I have GREAT news for anyone that started and finished their taxes and did not file. GO TO browsing history and look up the last place you were on Turbo tax to pick up where you left off. Pay and File. IT WORKS providing you did not DELETE your browsing history. Reply
I made an extension from April 15 2013 to October 15 2013. Now I am in terrible situation. All the money I collected for IRS I had to sent to my relatives to Ukraine. My brother has to go thought very hard surgery. Is there any possibilities to make an extention from October 13, or to have a payment plan.I would pay monthly and I will be able to pay all amount in full in 4 month.(after October). May be I have to make my first payment before October 15? Please give me a good advize how can I do this?I am a foreigner and I make this taxes the first time in my life. Please, I will be apprweciated for any help Reply
Hi Lola, Don’t worry. The IRS has installment payment plans, which allows you to make monthly payments. Whether you pay what you can or nothing when you file, you will receive a bill with your balance due and information on how to start a payment plan. Here is more information for you http://blog-turbotax-intuit-com-develop.go-vip.co/2013/04/22/relief-if-you-filed-on-time-but-cant-pay-your-taxes/ Thank you, Lisa Greene-Lewis Reply
My friend did not file taxes in 2011 because was told he was under the gross income amount required for filing. even though, there were 1099’s involved, should he have filed? he also had been filing jointly with his wife that was deceased in 2011..now he is having trouble getting his taxes filed for 2012, should he go back and file 2011 and would there be a penalty?? Reply
Hi Molly, Yes he can still file a 2011 tax return and indicate that his wife was deceased. He should file he may be entitled to a tax refund especially if he is eligible for tax credits like the earned income tax credit. He can go online and download prior year’s software. After his 2011 is completed he can also prepare his 2012. There probably would not be a penalty if he was under the gross income requirement. Here is the link to download previous tax years http://turbotax.intuit.com/personal-taxes/past-years-products.jsp I hope this helps you. Thank you, Lisa Greene-Lewis Reply
I did not realize Turbo Tax online would shut down on or just after the 15th of Oct. I lost about half of the return. How best should I proceed? I am old and a very slow typist. Reply
Hi Roscoe, I am so sorry that you lost some of your data. TurboTax Online has to shut down in conjunction with the IRS since the IRS stops accepting e-filed returns at that time, because they have to process 2011 extended returns and get ready for the 2012 tax season. You can download our 2011 software and finish your tax return. Here is the link http://turbotax.intuit.com/personal-taxes/past-years-products.jsp Thank you, Lisa Greene-Lewis Reply
I am finishing up my return for 2011 that was on extension, and I just received a copy of my ex-husband’s return that he has already filed, as per our divorce agreement. He has claimed alimony for $31,000 more than I actually received from him. What will the IRS do in this situation? I receive my alimony as a direct deposit to my checking account twice monthly, so I do have documentation to prove the amount that was received by me.