" What Are Post October 15, Tax Return Filing Implications ? "

When Tax Payer Files Tax Return after October 15, implications for Federal Tax and CA Returns are Listed Below::
1. The Federal & CA Tax Return can only be Paper Filed i.e. eFile Option is not available.
2. If the Tax Payer Owes money to IRS, following Penalties may apply:
       o  Failure To File Penalty
       o  Failure To Pay Penalty
       o  Electronic Payment Withdrawal Option From Tax payer Account is Not Available
3. If the Tax Payer is getting a Refund:
       o  Failure To File Penalty may apply.
       o  Refund Check will be processed in 6 weeks and mailed to Tax Payer.
       o  eDeposit Of Refund Check into Multiple Checking Accounts is not Available.

For More Information or Q & A Contact : 
Kash, @ (925) 963 4891

Yajnik & Mehta Associates  (YMA) 
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