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If you opt to user IRS Form 4868, you’ll also get an automatic six-month extension. This form, too, will require you to estimate your tax liability, but you won't have to make a payment immediately.
If you filed an extension and you don’t file your return by Oct. 15, your penalty and interest calculations are grandfathered back to the original April 15 due date for 2024 tax returns.
Find: Everything You Need To Know About Taxes Leading Up to the Extension Deadline “Paper returns have piled up — there are 5.5 million Form 1040s and over 4 million business returns that have ...
The tax extension deadline for 2020 returns is the same date as the regular tax deadline: To qualify for a federal tax extension, you must file the appropriate forms by the standard tax filing ...
Procrastinating taxpayers rejoiced when the IRS extended the filing deadline from April 15 to May 17. Even so, many still weren't ready and had to request a filing extension. Plenty of others ...
The extension also gives the IRS time to issue guidance on recent tax law changes. The newly passed COVID relief package exempts the first $10,200 of unemployment benefits from federal taxes for ...
Although the IRS just extended the normal April 15 tax-filing deadline to May 17 so taxpayers can get a better handle on policy changes tied to the COVID-19 pandemic, not everyone will get a ...
As if the tax season isn't chaotic enough with last-minute tax law changes, the IRS will delay the usual April 15 tax filing deadline by about a month, Bloomberg reported, citing a statement by ...