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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120799  
Subject: Re: Tax filing deadline Date: 4/18/2011 7:06 PM
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Someone told me that there is no deadline for filing a tax return if you paid what you owed on time (estimated tax payments). Is this true?

No. The filing date is in the law and makes no reference to whether there's a balance due or not. What the infamous someone was probably trying to say is that there's no monetary penalty for failing to file a timely return if there's no balance due. That's true in the immediate, but it can lead to penalties down the road if more tax is due.

There are gaboodles of reasons, but if you have a filing requirement, file on time or get an extension to file.

Phil
Rule Your Retirement Home Fool
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