The IRS sets the federal income tax return deadline on 15 April each year. Although this date falls on Emancipation Day, the IRS has decided to move the deadline to the next working day. If you have not filed your federal tax return by April 18th, don’t panic. There are several options for you. In the end, it’s up to you which method works best for your situation. But if you are having a hard time meeting the deadline, consider hiring a professional accountant to file your taxes.
One option is to file electronically. Many software programs now offer an extended tax deadline. You can even file your tax return through a post office. If you want to file by mail, you need to postmark your return by January 31. However, if you are in Massachusetts or Maine, you get an additional day to file your return. Depending on the method you choose, the deadline may be extended. You can also file your tax return by post, which means you’ll have an extra day to prepare your taxes.
If you have a small business, you should file your tax return by the 15th of the third month after the end of the tax year. If you cannot make it by that date, you can file a form to extend your tax deadline to September 15 – or five months after the original deadline. If you don’t get around to filing your taxes, you can file an extension for free and it will not affect your credit score. And, if you’re a big business, you can also file an extension to extend the deadline.
While you’re doing your taxes, it’s a good idea to pay them by the tax deadline. This way, you’ll avoid late filing penalties and get a chance to pay your taxes in a timely manner. The IRS publishes tax deadlines for 2022, so it’s always a good idea to be on top of the latest information. You can also pay your taxes online if you haven’t received them by April 15.
In most cases, the IRS has given you a few extra months to file your taxes, and you should take advantage of it. Most people should be able to file their taxes by April 18, but there are some circumstances that may make it difficult. For example, you may have to wait until the 17th to claim your refund. That’s not ideal for many people, but the IRS will work with you to extend your deadline if you can’t meet it.
Fortunately, the IRS has recently cut down on penalties for failing to file and pay your taxes. The penalties for failing to file and pay your taxes are now capped at 25%. If you’ve been diligent in paying your taxes, you might be eligible for one-time penalty relief. The IRS has a website that explains the various penalties and the best way to avoid them. It is also a good idea to pay your taxes on time to avoid getting a refund if you missed them.