Question about Late Filing, federal/state

Probably. Penalty for not filing and paying on time is 5% a month. I don't know if it is pro-rated. So if you mail your payment now, the penalty will be $10. There is also interest, and it will be around $1 (around 6% a year).

Did you send in $200 with your return or did you just file the paperwork? And if you sent in $200, did you mail a check or pay by direct deposit?

Here is the schedule of when you can expect your refund:

0250,00.html Assuming you mailed a check of $200 with your return, the IRS will likely send you a notice for around $11. It will say something like pay $11 by June 11, 2008 and no additional penalties and interest will be assessed.

You might want to set up an acconut at EFTPS to pay electronically, thereby avoiding postage. It takes about 2 weeks to set up the account, so you can start today.

If the penalty and interest on the state return is less than $1, they might forget about it. However, if you file an amended state return in the future, they might un-forget about it.

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Q. I filed after April 15 and the payment date for my Social Security number has passed. How long will it take for me to get my stimulus payment?

A. It will generally take a minimum of six weeks after you file your return to get your stimulus payment.

Note that the IRS may need more time to look at your return, especially if it is borderline (like AGI of 75k, only 3k of qualifying income, etc), so those dates are not garaunteed.

It is possible that they made take the $200 plus penalties and interest out of your $600 check But as the law says that the check is an advance credit on your 2008 taxes, in which case it may mean that it cannot be applied to your 2007 tax due, which means that you will still get the full $600, but have to pay the $211 seperately. I don't really know for sure.