5

What will happen if I overpaid the taxes on the extension form, but failed to file before Oct 15 deadline ?

Do I lose any of the refund ?

  • The IRS doesn't send you money until you file a form explaining why they owe you money. – RonJohn Oct 7 at 20:15
  • Will I lose any of the refund ? – Nabil Sham Oct 7 at 20:25
  • Will you file your tax return within a reasonable amount of time? – RonJohn Oct 7 at 20:28
  • 1
    @RonJohn I think the essence of this question is what constitutes a "reasonable amount of time", the OP seems to assume that is the date of the extension deadline. I seem to recall its actually substantially longer. – Vality Oct 7 at 21:14
5

You will not lose any of your refund as long as you file within 3 years of the date that your return is due. From the IRS website:

In most cases, an original return claiming a refund must be filed within three years of its due date for the IRS to issue a refund.

Generally, after the three-year window closes, the IRS can neither send a refund for the specific tax year. nor apply any credits, including overpayments of estimated or withholding taxes, to other tax years that are underpaid.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.