The Internal Revenue Service is reminding the estimated 19 million taxpayers who requested an extension to file their 2021 tax return that they don't have to wait until mid-October to file. If a taxpayer has all the necessary information to file an accurate return, they can file electronically...
Tax preparers and tax pros with account or tax law questions: 800-829-8374 Tax preparers and tax pros with e-filing questions: 866-255-0654 Tax practitioner priority service: 866-860-4259 Overseas tax professionals: 512-416-7750; 267-941-1000 Corporate taxpayers, partnerships and nonprofits:...
The repercussions can be significant if you miss filing by the extended deadline. Late-filed individual federal returns are subject to a penalty of 5% of the tax due for each month or part of a month for which a return remains unfiled. This penalty can accumulate up to a maximum of 25%...
Most taxpayers will have until Monday, April 15, to submit their returns or request an extension. The IRS expects to receive more than 128.7 million individual tax returns by this year's deadline. U.S. Stock Market Quotes Quotes displayed in real-time Advertisement Arrives Weekly Get Our Ne...
IRS Concedes Landmark Corporate Tax CaseElizabeth EricksonJustin JesseKevin Spencer
Democrat House Representatives Sean Casten and Lauren Underwood introduced The Taxpayer Extension Act, which proposed to extend theApril 15, 2019 Federal Tax Return deadlineto May 20, 2019. This provides 35 additional days for taxpayers to file their returns due to recent tax reform and the gover...
And since atax extensiontypically doesn’t extend the time to pay any income taxes owed (it only extends the time for filing your return), you’ll still owe interest on any unpaid tax beginning right after the originaltax filing deadline(typically April 15) even if you req...
There are four variations of the IRS form 1040 for filing an individual’s annual income tax return: Form 1040:Is the standard 1040. Form 1040-SR:Simplifies tax filing requirements for those who are 65 or older. Form 1040-NR:Is the primary form used bynonresident aliensfor filing a U.S...
Don't file your federal tax return late. If you requested an extension to file your 2024 federal tax return, make sure you file by the Oct. 15 tax deadline. That way, you avoid a failure-to-file penalty, which would unfortunately increase your tax burden if you already owe. In some ...
Don't waste your time wading through the slew of private and corporate tax websites out there, especially when your goal is to get a basic, fact-based appraisal of your tax situation and filing options. Key Takeaways The IRS website is comprehensive and easy to navigate. ...