Calendar year taxpayers can pay the estimated tax in full with the declaration, or in equal installments, on or before April 15th, June 15th, September 15th, and January 15th. Special Provisions for Farmers or Fishermen — Revised Statute B provides that if at least two-thirds of an individual's estimated gross income is from farming or fishing, the declaration and estimated tax payment may be made any time on or before January 15th of the succeeding taxable year without being assessed underpayment of estimated tax penalty.
Revised Statute F allows an the exception from the estimated tax payment requirement if the taxpayer files their individual income tax return by March 1st of the succeeding taxable year and pays the total amount due.
Exception To Estimated Payment Declaration Requirement— Revised Statute F allows an exception from the estimated tax payment amendment requirement or original declaration requirement due January 15th of the succeeding year if the taxpayer files their individual income tax return by January 31st of the succeeding year and pays the total amount due.
Filing a declaration, amended declaration, or paying the last installment by January 15th, or filing an income tax return by January 31st, will not relieve you of the underpayment penalty if you failed to pay the estimated income tax that was due earlier in the year. Estimated Tax Payment Options— Taxpayers can pay the estimated tax using any of the following options:. Revised Statute authorizes a penalty for failure to pay or underpayment of estimated income tax. The penalty is 12 percent annually of the underpayment amount for the period of the underpayment.
Determination of the Underpayment Amount The underpayment is the excess of the installment amount that would be required if the estimated tax was 90 percent For the purposes of determining the underpayment amount, the required installment amount is 25 percent of the required annual payment.
Determination of the Underpayment Period— The underpayment period is from the date the installment was required to be paid to whichever of the following dates is earlier:. Based on the underpayment amount and the underpayment period, an assessment of underpayment of estimated tax penalty will be made.
The request must be made within one year from the tax return's due date including any applicable extensions. If it can be determined that the individual acted in good faith and the failure to make the estimated payments was attributable to extraordinary circumstances beyond the individual's control or that the individual made a declaration and paid estimated tax in accordance with R.
If it is determined that the individual acted with intentional disregard for the state laws, the request for penalty waiver will be denied. If you file your income tax return and later become aware of any changes you must make to income, deductions, or credits, you must file an amended corrected Louisiana return. To file a paper amended return:. You also have the option of filing the amended return electronically via Louisiana File Online , the free web application from the Louisiana Department of Revenue.
It's absolutely free. Penalties on payroll and excise tax deposits due from May 17 to May 31 will also be waived if the deposits were made by June 1. You don't have to contact the IRS to get this relief. However, if you receive a late filing or late payment penalty notice from the IRS that has an original or extended filing, payment or deposit due date falling within the postponement period, you should call the number on the notice to have the penalty abated.
The IRS will also waive fees for obtaining copies of previously filed tax returns for taxpayers affected by the storm. When requesting copies of a tax return or a tax return transcript, write "Louisiana Severe Storms and Flooding" in bold letters at the top of Form copy of return or Form T transcript and send it to the IRS.
In addition, the IRS will work with any taxpayer who lives outside Louisiana, but whose records necessary to meet a deadline occurring during the postponement period are located in the state.
Taxpayers qualifying for relief who live in another state need to contact the IRS at This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization. Individuals and businesses in a federally declared disaster area who suffered uninsured or unreimbursed disaster-related losses can choose to claim them on either the return for the year the loss occurred in this instance, the return normally filed next year , or the return for the prior year.
This means that taxpayers can, if they choose, claim these losses on their return. It's also a good idea for affected taxpayers claiming the disaster loss on a return to put the Disaster Designation "Louisiana Severe Storms and Flooding" in bold letters at the top of the form.
See IRS Publication for details. The Louisiana tax filing and tax payment deadline is May 15, This is not an eFile. Thus, technically you cannot e-File anywhere - not just eFile. But there is good news, please read on. Detailed instructions on how you can only prepare and mail in - not eFile - a Louisiana Tax Return - here via eFile. Late Payment Penalty: The failure to pay tax penalty is 0.
Start Federal and Louisiana Tax Returns. The majority of deadlines listed here are for Tax Year Prepare and e-file these state forms for in conjunction with your federal and state income tax return. As you proceed through the tax interview on eFile. You can also select tax forms individually. All these forms will then be e-filed by you to the state tax agency. Instructions on how to only prepare a state income tax return.
Only on eFile. Dare to Compare Now. For Tax Year , you do not need to file an extension if you are expecting a Tax Refund. However, if you believe you will owe Taxes and can't file on time, there are several options available. Filing an extension in this case eliminated the late filing penalties. Calculate and estimate IRS late payment penalties.
If you plan to file or mail-in a Louisiana tax return on paper - the Mailing Address are below - your due date is Nov. Get Your Tax Refund Date. What is DocuClix? Security About eFile. Where Is My Refund? How to Check Refund Status efile. Mailing Addresses Contact eFile.
Sign In Start Now. Louisiana Taxes. Louisiana "The Pelican State".
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