asked

I am a 24-year-old recently divorced individual from California, typically filing jointly but now filing single for the first time in five years, with an annual income of roughly $47k. I am considering filing an extension for my 2020 taxes using Form 4868 until October 2021. If I file the extension and all previous year's outstanding balances have been paid, will I accrue any late fees or penalties from now until October 2021?

August 17th, 2024

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