William Carter – The Money Circles

The month of April is a reason for many Americans to panic. That's when taxes are usually exhausted (in 2020 as well as this year, with the exception of epidemics), and many filers regularly find themselves struggling to meet those deadlines. In fact, some people are not able to pay their taxes on time and those who get on the boat may request a tax increase. The IRS is very flexible in this regard. You don't need a specific reason to ask for more time to pay your taxes. All you have to do is request an extension to the original filing deadline and you will be given an additional six months to receive your refund. If you filed a tax extension last spring, your IRS deadline is fast approaching. And if you don't, you could face serious penalties. Get that return earlyIf you have re...

The deadline for tax returns for 2020 returns is approaching, but there is still time to avoid additional penalties and fees. Filers have until October 15 to file an extended return, originally on May 17. Those who have applied for an extension can waive the late penalty by sending a refund by October 15. Otherwise, failure to pay the penalty means 5% tax per month, limited to 25%. There are usually no file-to-file penalties for refunds, but taxpayers are likely to lose their money by waiting too long to file. Taxpayers can use online filing options, such as IRS free files, to send returns. In addition, states may have different deadlines for tax extensions, so filers should double check the details through their state tax website. More time to fileAlthough the October 1...

Author: William Carter

This important tax deadline is very close

October tax extension deadline fast approaching October tax extension deadline fast approaching