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#1
07-15-2005, 01:47 PM
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 Re: Late fileing 2004 1040 "Vic Dura" <vpdura[at]CLUTTERhiwaay.net> wrote: - quote - > Is there a penalty for late (4 months) filed returned when
The late filing penalty is based on the unpaid tax as of the> there is no additional tax due? due date, so there's no immediate penalty. If a deficiency is assessed some day, a 20% penalty would apply when the original return was 4 months late. Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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07-15-2005, 01:46 PM
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| Re: Late fileing 2004 1040 Vic Dura wrote: - quote - > Is there a penalty for late (4 months) filed returned when
Penalties are based on the tax due; if none then no penalty can be> there is no additional tax due? > My mother in law is filing late, but has already over-paid > taxes via 1040ES and will be getting a refund. > Would there be a penalty in this case? If so, what percentage? assessed. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
07-15-2005, 07:12 AM
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| Late fileing 2004 1040 Is there a penalty for late (4 months) filed returned when there is no additional tax due? My mother in law is filing late, but has already over-paid taxes via 1040ES and will be getting a refund. Would there be a penalty in this case? If so, what percentage? Thanks -- To reply to me directly, remove the CLUTTER from my email address. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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| 1040, 2004, fileing, late |
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