Did you miss the extended July 15 tax deadline? Here is how you can avoid a bigger bill.
Following the outbreak of the COVID-19 pandemic, the Internal Revenue Service (IRS) extended the tax deadline to July 15, 2020, and it lapsed, even though we understand that many haven’t settled their tax dues.
With that being said, the IRS issued more tax tips that can help those that missed the July 15 tax deadline avoid bigger penalties. These are;
- Those who did not request an extension after missing the July 15th deadline must electronically file as soon as possible.
- Members of the military who served or are currently in a combat zone qualify for at least 180 days’ extension to file for their taxes. This also extends to support personnel serving with the military.
- Qualifying disaster victims also qualify for an extension.
With that being said, understand that you only get a refund after filing for taxes. As such, the IRS encourages all to file, even when you have missed the initial deadline.
Also, those who do not afford to pay must file their returns for the sake of preventing more fines. The IRS has more information for taxpayers that cannot afford to pay for their returns. Feel free to contact us for more information regarding late filing and possible penalties from the IRS. We are here to provide the needed relief on your part.