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Author: irasmilo Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
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?


Sort of. Since the federal late filing penalty is based on the amount of unpaid tax at the filing deadline, if you've overpaid your taxes through estimates or withholding, you don't have to file by 4/15 (4/18 this year). It's always possible that certain elections might be disallowed if you don't have a valid extension (I can't think of any offhand) and your state may have different rules (NJ charges $100/month for a late return in addition to any underpayment penalty).

You must file your return within three years of the original due date (including any extensions granted) if you want to receive a refund for overpaid taxes.

Ira
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