Submitted by one-eye-owl t3_1263ycv in personalfinance
Red_Queen592 t1_je8ap30 wrote
My partner and I ended up with a rather large tax bill (for us anyway) of approximately $18k.
The way I was understanding the IRS website was that even if you file for an extension, that doesn’t extend when your amount is due. You need to pay by the deadline to avoid late fees and penalties.
https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return
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