How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask wm030303 Your Own Question
wm030303
wm030303, Enrolled Agent
Category: Tax
Satisfied Customers: 112
Experience:  I am both a CPA and EA with over 30 years of experience in solving tax related issues.
62711457
Type Your Tax Question Here...
wm030303 is online now
A new question is answered every 9 seconds

I have had an extension for my 2011 taxes to October 15. For

This answer was rated:

I have had an extension for my 2011 taxes to October 15. For both my federal and state (CT and CA) income taxes I overpaid and will be receiving a refund. I was curious what sort of penalties I would have to pay if I do not file my taxes by this deadline and file maybe 6 weeks late.

wm030303 :

Hello and welcome to Just Answer!


 


You should not be penalized if you overpaid all of your taxes. You may also receive interest income on any overpayment from the Federal Government. Penalties are assessed only if you owe additional taxes.


 


Let me know if you are satisfied with my answer or if you need further clarification.

Customer:

so there is no penalty in and of itself for late a late filing? I thought CT had something like a $100 charge. There is no filing fee from the Federal Government?

wm030303 :

CT has a late filing fee of $50. The federal govt does not charge a late filing fee.


 


 

wm030303 :

CT may or may not charge this fee depending upon your circumstances

Customer:

does california have a late filing fee? If I file past the deadline, do I just submit the filing. do I need to fill out any other paperwork?

wm030303 :

CA doesn't have a late fee similar to CT

Customer:

so is there any additional paperwork to submit if I file late?

wm030303 :

no

wm030303 and 3 other Tax Specialists are ready to help you