Late filing penalty - extension filed
Answer:
You are not liable for the late filing penalty if you filed a Federal extension Form 4868. You are possibly still liable for a late payment penalty and interest amount if an underpayment exists.
Interested in more Late Filing Questions?
- What are the IRS Underpayment Rates for 2013
- How is the IRS late filing penalty interest calculated ?
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- Is the tax return considered timely filed if received on the day it was postmarked or the day the IRS received it ?
- Penalties and interest for paying and filing taxes after the due date
