Don’t forget….
And be careful….
The old April 15 deadlines could be the situation next year which cuts down your time between now next years due date for taxes…
This year’s federal income tax deadline was postponed to July 15 due to the coronavirus pandemic, and the Internal Revenue Service has made it clear that Tax Day won’t be pushed back again.
Covid-19 has made for a rocky tax filing season. Since many IRS employees were working from home and local tax assistance offices were shut down, it was hard for taxpayers to get questions answered. It also led to a backlog of paper returns.
Meanwhile, the agency had more work than usual after it was tasked in late March with processing the more than 160 million direct stimulus payments — a key part of Congress’s economic response to the pandemic.
At the end of June, the IRS had processed nearly 11% fewer returns that it did at the same point last year, and received 3.5% less.
If you haven’t filed yet, here’s what you need to know.
Taxpayers can request an extension to October 15
As usual, taxpayers have the option to request an extension to file their taxes. To request extra time, taxpayer must submit a form by July 15 — which requires an estimate of their tax liability. Then, the full return is due October 15.
But if any money is owed, it must still be paid by July 15. The IRS has some payment plans available if a taxpayer can’t afford to pay the full amount right now….
Note…
The IRS IS behind on reading it’s mail due to the virus….