E is for extension as Tax Day comes and goes Honolulu Star-Bulletin
Maybe it's not as certain as death and taxes, but post-season tax work continues for millions out there.
If you had to file an extension on your taxes, you were far from alone. Through early April, 2.3 million fewer returns were filed with the IRS than last year, meaning more later filers.
An extension provides up to six more months for filing. It should've been easy to get one, with most extensions given automatically, no questions asked.
"If they could not pay the full amount, they can work with the IRS in terms of creating an installment plan," said IRS spokesman David Tucker. "There is interest charged, and there's also a fee for establishing installment plans."
If you were able to pay part of your bill, charges would only apply to the unpaid balance.
Setting up the agreement carries a $105 fee -- $52 if payments are deducted directly from your bank account. Installments are based on what you earn, not how much you owe. The IRS will work with you in a way that doesn't make you go broke.
