Individual Taxes
1. Due Dates:
a. Individual Tax Returns are due by April 15
b. The 1st Extension delays filing until August 15th
c. With the IRS approval a 2nd Extension may be issued, allowing an additional 2 months, due by October 15

2. Penalties for filing late:
a. A late fee of .5% a month, with a maximum of 25% a year. In addition, interest at 5% per annum is accrued on the amount owed.
 

---

Corporate Taxes
3. Due Dates:
a. Tax Returns are due by the 15th day of the 3rd month after FYE
b. Corporate tax return extensions delays filing for 6 months (9/15 for calendar year end) Partnership Taxes

4. Due Dates:
a. Tax Returns are due by April 15th
b. 1st Extensions delay filing until July 15th
c. 2nd Extension delays filing until October 15th

5. Can you file more than one extension?
a. Yes for Individual and Partnership Tax Returns, however you need IRS approval