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USA Today

Did you ask for a federal tax extension in April? The Oct. 15 IRS deadline is almost here.

By Aimee Picchi

If you owe either penalty, the IRS will calculate your fine after you file your return, says Eric Bronnenkant, head of tax for financial services firm Betterment.

“Pay what you owe, and let the IRS send you a bill for the amount of interest and penalties that you owe,” Bronnenkant says. “You’ll want to watch for that in the mail.”


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This article originally published October 9th, 2019 on USA Today