Those individuals who obtained a six month extension of time to file their 2010 income tax return and have not yet filed have until October 17th to get that return in the mail. There is no additional extension available. Either file by next Monday or file late.
The late filing penalty, if any, on returns that are filed late would be computed from April 15th. (The extension is invalid if you don't file by the extended due date.) The penalty maxes out at 25% (5% per month) on the tax due. If the full amount due was paid on April 15th (as it should have been) the penalty would be zero because 25% of zero is zero.
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