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How To File Electronically

New changes to tax rules could impact your wallet

You might want to e-file your late return if you haven’t missed that deadline as well. Many taxpayers can e-file at IRS Free File if their AGIs were under $72,000 in 2021. Some other rules can apply as well, imposed by the individual software providers that participate in the Free File Alliance.

The IRS will accept e-filed returns until November. It will announce the exact November cutoff date sometime in October 2022.

California Postponed The 2020 Tax Year Filing And Payment Deadline For Individual Taxpayers To May 17 2021 Did California Also Postpone The Time For An Individual Taxpayer To File A Claim For Refund To May 17 2021 If That Period Expires On April 15 2021

Yes, if the statute of limitations to file a timely claim for refund normally expires on April 15, 2021, the FTB considered the claim timely if the individual taxpayer filed the claim on or before May 17, 2021. For purposes of claiming a refund within one year of an overpayment, the look-back period did consider payments made within one year of the actual expiration of the statute of limitations, but if that date expired on April 15, 2021, the FTB considered the claim for refund timely if the individual taxpayer filed the claim on or before May 17, 2021.

Natural Disaster Victims Get Tax Filing And Payment Extensions

If the Federal Emergency Management Agency declares a disaster area following a natural disaster, the IRS usually jumps in with tax relief for the disaster victims in the form of tax filing and payment extensions. In the case of certain recent natural disasters, the April 18 tax filing and payment deadline has been extended for individuals and businesses residing or located in the disaster area.

So far, victims of the following natural disasters have been granted extensions that push back this year’s federal personal income tax filing and payment deadline:

Additional extensions may be announced later that impact this year’s tax return filing due date.

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File Your 2021 Return Even If You’re Awaiting Processing Of A Previous Tax Return

You don’t need to wait for your 2020 tax return to be fully processed to file a 2021 return.

According to the IRS, as of Dec. 3, 2021, nearly 169 million 2020 tax returns were processed — including all paper and electronic individual returns received prior to April 2021 that included a refund and did not have errors or need additional review.

“The IRS continues to reduce the inventory of prior-year individual tax returns that have not been fully processed,” Rettig said.

What’s The Irs Deadline For Filing Your 2021 Tax Return

Tax Day: Are You Ready?

The deadline for filing federal taxes for most taxpayers will be Monday, April 18, 2022. That’s because April 15 is recognized as a holiday, Emancipation Day, in Washington, DC.

“By law, Washington, D.C., holidays impact tax deadlines for everyone in the same way federal holidays do,” according to a statement from the IRS.Taxpayers in Maine and Massachusetts, however, have until April 19, because of the observance of Patriots’ Day in those states.

The IRS also announced an extended tax filing date of May 16, 2022, for victims of winter storms in Tennessee, Illinois and Kentucky, and victims of winter wildfires and winds in Colorado. The May 16 extension is limited to affected counties, which can be found on the IRS’ page on tax relief in disaster situations.

Learn smart gadget and internet tips and tricks with our entertaining and ingenious how-tos.

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What If I Can’t Pay My Tax Bill

If you can’t afford to pay your tax bill in full on the deadline, don’t pull out your credit card or ignore the situation.

The IRS offers reasonable payment plans at much lower interest rates than most banks. You may even be able to settle the bill for less than you owe, called an offer in compromise, or request a deferment until you can make a payment. Offers in compromise and requests for deferment require additional paperwork and must be approved by the IRS.

How To Avoid Owing The Irs

While owing taxes to the IRS isnt necessarily the end of the world, we can all agree that its a situation youre better off avoiding. Luckily, there are some steps you can take to make sure you dont find yourself in this undesirable position in the future. Two of the best options are adjusting your W-4 and paying quarterly estimated taxes.

How to Adjust Your W-4

One of the most common reasons why people find themselves owing money to the IRS is that they didnt have enough withheld from their paycheck. Even if your withholding was once correct, major life changes like a marriage or divorce may throw this off. If youve started a side business, this will also impact the amount of taxes you owe. Whatever the reason, you can fix your withholding by completing a new Form W-4.

Before you do this, I suggest using the IRS Tax Withholding Estimator. Then, once youve determined the appropriate withholding amount, complete the Form W-4 Employees Withholding Certificate and provide it to your employer.

How and When to Pay Quarterly Taxes

If you have a significant amount of income coming in from your side business, then theres a good chance youll owe extra taxes. While it would be easier to calculate it at the end of the year and make one lump-sum payment, income taxes are a pay-as-you-go system. For this reason, youll need to estimate the amount of taxes you owe each quarter and send a payment off to the IRS.

The schedule for making estimated tax payments is as follows:

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Coronavirus Tax Extension: Federal Deadlines Extended 90 Days

Across the globe, economies are being hit hard by the impact of the coronavirus and its spread. The Federal Reserve has taken emergency measures, twice cutting the fed funds rate in March in response to the economic havoc wrought by the virus. On March 17, 2020, another exceptional step was taken as Secretary of the Treasury Steven Mnuchin announced that his department was pushing back the April 15 federal tax deadline, letting individuals and many businesses get an additional 90 days to file their taxes. This includes estimated tax payments for tax year 2020, also due on the April 15 deadline.

Whats more, individuals can defer up to $1 million of tax liability and corporations have been granted an extension on up to $10 million. These tax moves by the U.S. government are part of a general economic stimulus in response to the coronavirus pandemic.

Keep this in mind as you review the deadlines listed below. The information here reflects the deadlines as they stood before the tax extension was announced. While some deadlines will apply for the July 15 tax extension, others may not. Always double-check with the IRS directly for more information.

When Are Taxes Due Important Tax Deadlines And Dates

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OVERVIEW

Make sure your calendar is up-to-date with these important deadlines, dates, possible extensions and other factors in play for both individuals and businesses in 2021.

For information on the third coronavirus relief package, please visit our American Rescue Plan: What Does it Mean for You and a Third Stimulus Check blog post.

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Federal Income Tax Returns Are Due April 18 For Most Taxpayers But Some People Have A Little Extra Time Are You One Of Them

Most Americans must file their federal tax returns for the 2021 tax year by April 18, 2022. Note that we say “most Americans.” Taxpayers in two states have until April 19 to submit their 1040s to the IRS. Victims of certain natural disaster also get more time to file, with varying dates depending on when the disaster hit.

In any case, if for some reason you can’t file your federal tax return on time, it’s relatively easy to get an automatic six-month extension to October 17, 2022, by filing Form 4868 or making an electronic tax payment. But you must act by the original due date for your return, whether that’s April 18, April 19, or some other date.

Keep in mind, however, that an extension to file doesn’t extend the time to pay your tax. If you don’t pay up by the original due date, you’ll owe interest on the unpaid tax. You could also be hit with additional penalties for filing and paying late.

Providing Additional Income Support To Canadians

The Government of Canada has indicated from the outset that there would be no penalties or interest in cases where CERB needs to be repaid. However, we recognize that, for some individuals, repaying the CERB could present a significant financial hardship. For this reason, we will give Canadians more time and flexibility to repay based on their ability to pay. We will work with impacted individuals on a case-by-case basis. There is no deadline to repay COVID-19 emergency benefit payments.

If you mistakenly received COVID-19 emergency benefit payments, or your situation has changed since you first applied for one of these benefits, you can repay the CRA via My Account, online banking, or mail.

Newly announced on February 9, 2021, targeted interest relief is being provided to Canadians who received COVID-related income support benefits. Once individuals have filed their 2020 income tax and benefit return, they will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022.

Self-employed individuals who applied for the CERB and would have qualified based on their gross income will not be required to repay the benefit, provided they also met all other eligibility requirements. The same approach will apply whether the individual applied through the CRA or Service Canada.

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S Corporation And Partnership Tax Returns Due

Today is the deadline to file your S corporation tax return or Partnership return .

Note that S corporations and Partnerships do not pay taxes on their income. That tax is paid on the individual incomes of the shareholders or partners, respectively.

March 15 is also the deadline to file for an extension for S corp and partnership tax returns.

Forms:

May 17 New Deadline For Most Small Business Tax Returns

What if The Income Tax Returns is not filed within Due Date?

Tax returns, payments, and forms for all types of businesses for the 2020 tax year are due in 2021 and tax dates can shift by a day or two from year to year. Different types of business entities file tax returns in different ways.

The IRS announced an extension to May 17, 2021, of the deadline for filing individual income tax returns, including those who pay self-employment taxes. This extension does not affect estimated quarterly taxes, which are still due April 15, 2021, for non-employee income.

  • The IRS has announced that it is extending the April 15, 2021, tax filing and payment deadlines for victims of February 2021 winter storms in Texas, Oklahoma, and Louisiana, beginning February 11, 2021, to June 15, 2021. This extension applies to the entire state of Texas and other states that include . The extension also applies to:
  • 2020 business and personal tax returns due April 15
  • 2020 IRA contributions due April 15
  • 2021 Quarterly estimated income tax payments due April 15
  • 2021 Quarterly payroll and excise tax returns normally due on April 30
  • 2020 Tax-exempt organization returns normally due May 17

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I Have Questions About My Taxes Can I Call The Irs

There are numerous ways to contact the IRS. The agency no longer offers live online chatting, but you can still submit questions through its online form. If you prefer to talk to a person, the IRS maintains a number of dedicated phone lines that are open Monday through Friday, from 7 a.m. to 7 p.m. . Individuals can call 800-829-1040 and businesses can call 800-829-4933. Note, however, that the IRS says live phone assistance is extremely limited at this time.

And theres always the Interactive Tax Assistant, an automated online tool that provides answers to a number of tax law questions. It can determine if a type of income is taxable, if youre eligible to claim certain credits and whether you can deduct expenses on your tax return. It also provides answers for general questions, such as determining your filing status, whether you can claim dependents or if you even have to file a tax return.

If you have a question for the IRS specifically related to stimulus checks and your taxes, the IRS recommends that you check IRS.gov and the Get My Payment application.

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State Tax Deadlines May Vary Check With Your State

Note that this extension applies to federal tax deadlines. State tax deadlines, however, are determined on a state-by-state level so check with your states department of revenue or franchise tax board to confirm the deadline for the state you live in or do business in. Some may allow automatic extensions, whereas others may not.

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The Irs Announced It Extended The 2020 Tax Year Federal Tax Filing Due Date For Individuals Only From April 15 2021 To May 17 2021 Did California Also Postpone The 2020 Tax Year Due Date For Individual California Taxpayers

Avoid falling for this tax scam when filing your taxes

Yes, California postponed the income tax filing due date for individuals for the 2020 tax year from April 15, 2021, to May 17, 2021. Individual taxpayers who pay their 2020 taxes in full by May 17, 2021, was not subject to penalties and interest. This relief was available to all individual California taxpayers without filing a request or contacting FTB.

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Winter Storm Disaster Relief For Louisiana Oklahoma And Texas

Earlier this year, following the disaster declarations issued by the Federal Emergency Management Agency , the IRS announced relief for victims of the February winter storms in Texas, Oklahoma and Louisiana. These states have until June 15, 2021, to file various individual and business tax returns and make tax payments. This extension to May 17 does not affect the June deadline.

For more information about this disaster relief, visit the disaster relief page on IRS.gov.

Business Income Tax Deadlines In 2020

Heres a table with key dates and forms for filing business tax returns related to business income, as it stood prior to any announcement of tax extensions:

Tax Item Due

Form 8813

One thing that is central to all business structures is that they are required to make quarterly tax payments in the form of estimated taxes. Estimated tax is an important aspect of paying business taxes. Estimated tax is the method used to pay tax on income that is not subject to withholding. This income includes earnings from self-employment, interest, dividends, rents and alimony. Taxpayers who do not choose to have taxes withheld from other taxable income should also make estimated tax payments. The idea behind the estimated tax is to ensure businesses pay most of their estimated tax liability during the course of the fiscal year instead of in a single payment when tax returns are filed.

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Tax Extensions For Expats

Your U.S. tax information is still reported on a calendar-year basis even if you are living in a country that taxes on a fiscal year rather than a calendar year basis .

If youre worried about getting your taxes done by the deadline, requesting an extension can give you more time to gather information before the end of the tax year of the country where you live. H& R Blocks Expat Tax Services is here to help you with tax extensions simply choose to file with an Expat Tax Advisor and theyll handle your paperwork for you.

Alignment With State And District Of Columbia Holidays And Changes In Date

What

Tax Day occasionally falls on Patriots’ Day, a civic holiday in the Commonwealth of Massachusetts and state of Maine, or the preceding weekend. When this occurred for some time, the federal tax deadline was extended by a day for the residents of Maine, , Massachusetts, New Hampshire, New York, Vermont, and the District of Columbia, because the IRS processing center for these areas was located in Andover, Massachusetts and the unionized IRS employees got the day off. In 2011 and 2015, Tax Day fell on Patriots’ Day. However, federal filings were directed to Hartford, Connecticut, Charlotte, North Carolina and Kansas City, Missouri, and there was no further extension for Maine, Massachusetts or other surrounding states’ residents. In 2019 and 2021, when Patriots Day was again observed on the tax filing deadline, residents of Maine and Massachusetts were given extra time to file as post offices in those states would be closed on normal deadline.

Emancipation Day is celebrated in Washington, D.C. on the weekday nearest April 16, and under a federal statute enacted decades ago, holidays observed in the District of Columbia have an impact nationwide. If April 15 falls on a Friday then Emancipation Day is celebrated on the same day and tax returns are instead due the following Monday, April 18. When April 15 falls on a Saturday or Sunday then Emancipation Day is celebrated on the following Monday and tax returns are instead due on Tuesday.

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