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March 19, 2025
Question

Losses due to catastrophy

  • March 19, 2025
  • 1 reply
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I completed my tax return but can not submit. The message I receive indicates that Turbo Tax is waiting on updates. I’m concerned because it’s getting close to the deadline. This is due to additional losses I incurred from Hurricane Milton. 

1 reply

March 19, 2025

you can file an extension Form  4848. if you owe pay with the extension if you're due a refund I would still submit it showing no balance de. That gives you until 10/15/2025 to file. 

If you are due a refund, there is no penalty for filing late without an extension. However, should the IRS find something and you now owe there will be penalties and interest 

 

if you have state income taxes their laws vary.