Monday, October 15, 2012

" What Are The Repercussions Of Post October 15, Tax Return Filing ? "

The Repercussions of Post October 15, Tax Return filing are as follows:
1. No eFile - Only Paper File Tax Return
2. No  ePayment - Only Pay by Mail
3. No eRefund Deposit - Receive a check by Mail
4.  All these situations will add time delay in Tax Return Processing
5.  If Tax Payer Owes money, then following penalties may apply:
     o  Late Filing Fee
     o  Failure to File Return
     o Late Payment Penalty
For Q & A, Call Kash @ Yajnik And Mehta Associates (925) 963 4891

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