I didn't file my 2005 taxes yet. In April I filed an extension until 10/16. What happens if I&#

This is for my personal taxes filing for 2005 (Federal and New York State). I wasn't ready for the April 15, 2006 deadline so I filed an extension, allowing me to file my taxes by 10/16/06. I'm still not ready to file, but I will be ready to file my taxes in about a week from now (after the deadline for the extension). What will happen? Will I be fined, or worse, or what? I've never had this happen before, so I hope someeone can give tell me what the IRS does to people in my situation. Thank you.

I didn't file my 2005 taxes yet. In April I filed an extension until 10/16. What happens if I'm not ready yet?playhouse

You are done with extensions. The IRS offers no more extensions beyond October for ca lander-year filers.

Two big things to remember:

If you end up getting a refund when you finally figure out your taxes, you will incur no penalties or punishment of any type. In fact, the IRS hopes you wait 3 more years so they won't have to pay you at all.

If you owe, the deadline for paying has already passed...in April. When you submit an extension to file, it is NOT an extension to pay. You needed to pay your taxes on April 15th regardless when you file. Hopefully you've done this. If you owe more taxes when you finally file AND you file within the extension time, you will only owe interest (line 0.5% per month) from April. If you file after the extension and owe taxes, you will probably incur interest plus penalties to the tune of 5% per month.

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I didn&#039;t file my 2005 taxes yet. In April I filed an extension until 10/16. What happens if I&#

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I didn't file my 2005 taxes yet. In April I filed an extension until 10/16. What happens if I&#