Tax Day – July 15th, 2020
Don’t delay, the extended deadline to file your taxes is approaching.
Taxpayers who need more time can request an extension through their tax professional, tax software, or by using the free file link at IRS.gov. Submit form 4868 for individuals and form 7004 for businesses. The automatic extension date is 10/15/2020.
The IRS urges taxpayers who are due a refund to file electronically as soon as possible. Filing electronically with direct deposit is the quickest way to get your refund. You are likely to receive your refund within 21 days.
Make sure to file your taxes even if you are unable to pay them. The penalty for not filing will be more expensive than the failure to pay. The IRS is willing to make arrangements for those who cannot pay in full (payment plans).