Can I e-file my form 1040 today in February but not pay the balance due
until April 10th-- without interest or penalty?

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On Sunday, February 20, 2022 at 7:05:43 PM UTC-5, Wade Garrett wrote:

Can I e-file my form 1040 today in February but not pay the balance due
until April 10th-- without interest or penalty?

--

Yes.

Ira Smilovitz, EA
Leonia, NJ

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
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"Wade Garrett" wrote in message news:suujh8$iph$1@dont-email.me...

Can I e-file my form 1040 today in February but not pay the balance due
until April 10th-- without interest or penalty?

Of course. You can also generally do the reverse, which is to pay on April 10th but file an extension request and do the actual return up to six months later.

--

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

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Wade Garrett <Wade@cooler.net> wrote in news:suujh8$iph$1@dont-email.me:

Can I e-file my form 1040 today in February but not pay the balance due
until April 10th-- without interest or penalty?

What would the purpose of that be? Why not file *and* pay on the 10th?
Simply because you are ready to file?

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

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"Boris" wrote in message news:XnsAE54D80602223Borisinvalidinvalid@144.76.35.252...

Wade Garrett <Wade@cooler.net> wrote in news:suujh8$iph$1@dont-email.me:

Can I e-file my form 1040 today in February but not pay the balance due
until April 10th-- without interest or penalty?

What would the purpose of that be? Why not file *and* pay on the 10th? >Simply because you are ready to file?

Yes. If you have done all the work and you don't want to be bothered with remembering to file in April (or perhaps you will be busy in April with
other things), you file in February or whenever and you specify on the
return to deduct your payment from your account on April 10th.

--

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

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Boris <Boris@invalid.invalid> wrote:

Wade Garrett <Wade@cooler.net> wrote:

Can I e-file my form 1040 today in February but not pay the balance due >>until April 10th-- without interest or penalty?

What would the purpose of that be? Why not file *and* pay on the 10th? >Simply because you are ready to file?

A due date is a due date. Paying on the due date is timely. There's no advantage to the taxpayer in paying early.

That's fewer days that the government has to wreak havoc with the
taxpayer's money.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

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On Wednesday, March 9, 2022 at 12:23:38 PM UTC-5, Adam H. Kerman wrote:

Boris <Bo...@invalid.invalid> wrote:

Wade Garrett <Wa...@cooler.net> wrote:

Can I e-file my form 1040 today in February but not pay the balance due >>until April 10th-- without interest or penalty?

What would the purpose of that be? Why not file *and* pay on the 10th? >Simply because you are ready to file?

A due date is a due date. Paying on the due date is timely. There's no advantage to the taxpayer in paying early.

That's fewer days that the government has to wreak havoc with the
taxpayer's money.
--

Failure to file penalty is 5% of unpaid balance per month. Failure to pay penalty is only 0.5% of the unpaid balance per month. File early to avoid the larger penalty.

Ira Smilovitz, EA
Leonia, NJ

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

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There is a disadvantage of filing early - you end up with a statue of limitations longer than 3 years. Your 3 years start ticking from the later of the due date or the filed date.

Maria U. Ku, CPA
Oakland, CA

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2011) - All rights reserved. >>
<< ------------------------------------------------------- >>

--- SoupGate-Win32 v1.05
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