Filing Tax Late

Question: Are there fees for filing taxes late?

I finally recieved my last W2. Hottopic Indust. gave me the run around, but I finally have all 3. My dad does our taxes and I’m not sure if he filed for an extension or is just going to submit them late. Does this make a difference? What kind of late fees should I expect? Does me turning in my taxes late affect my rebate eligibility?-Thanks guys!
AND if I don’t owe taxes (if that’s even possible) do I still get penalizied?

Answer: 3rd answer’s a charm…consider this an addendum to those answers.

If you owe taxes, you will have a late payment penalty, even if you did file an extension. The late payment penalty by itself is 1% per month. That is not nearly as stiff as the 5% penalty per month you will be charged if you owe taxes and didn’t file an extension.

Nonprofits warned that tax-exempt status in jeopardy

Thousands of organizations across the state, and across the country, are at risk of losing their tax-exempt status, according to recent report put out by the Internal Revenue Service.

File IRS Tax Extension & Filing Income Taxes Late – Boulder CO