Note that you can always file for an extension, but an extension of time tofiledoesn’t give you an extension of time topay. You’ll start accruing interest and penalties immediately after the May 17th tax filing deadline if you owe taxes. You can avoid the interest as long as you pay...
By pushing back the filing date, you can also avoid a failure-to-file penalty – an extra 5% per month on the unpaid amount, which can add up to 25% of the tax due. If you file for an extension, you have until Oct. 15 before the penalty starts accruing. Experts caution that filin...
Finally, the taxpayer can always go about it the old-fashioned way by mailing the extension. Such filers should fill out theForm 4868and send it to an address listed on the IRS website. The form requires filers to estimate the amount of tax owed for the filing year. MORE: What's new ...
Read the full-text online article and more details about "Here's Where You Can Get Last-Minute Tax Filing Help" by Aguilar, Aurora - Daily Herald (Arlington Heights, IL), April 8, 2002By Aguilar
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What is the last date of filing income tax return for the financial year 2015-16? Is it same as the assessment year 2016-17? What is the last date of payment of income tax due for the said period? In case the income tax is not deposited before due date, t...
is the first step to completing this cumbersome chore. If you decide to file yourself, or perhaps need a little motivation before you meet your tax professional, we at Invoice Home have a few suggestions on how to manage your stress and make the process of filing less taxing…. :Dhar har...
The IRS kicked off the new tax filing season on January 29, which means that taxpayers will have between that date and April 15 to file their returns. If you need more time, you can request an extension, which gives you until mid-October to file. ...
5. Avoid penalties and late filing fees The Income Tax Department can impose a penalty of up to ₹5,000 for delayed filing or non-filing of an ITR. An additional penal interest on the unpaid tax liability will also be levied if you're filing return after the due date. ...
Those who need more time beyond May 17 canrequest an extensionuntil October 15. Individual tax filers can use the online "Free File" tool to electronically request an automatic tax-filing extension. The form requires an estimate of tax liability. ...