1/9/2024 0 Comments When are taxes due in 2021If you already know that youll need an extension, plan on filing Form 4868 sooner rather than later. 15, 2022, to submit your 2021 tax return. If you file Form 4868 and receive the automatic six-month extension, you will have until Oct. When Are Taxes Due If I File An Extension Returns for S-corporations :įoreign partnership returns are due on March 15, 2021, the same date as other partnership returns. The deadline has been extended to September 15, 2021. The deadline for these is usually March 15th. 15, 2021, the fourth and final projected payment for the 2020 tax year was due. The IRS postponed two extra payments for the first and second quarters, which were due on April 15 and June 15, respectively, due to the coronavirus pandemic. These were due on July 15 and September 15 in 2020. Estimated tax payments for the 2020 tax year: Individual income tax returns: Although April 15 occurs on a weekday in 2021 and is not a holiday this year, the time to file your 2020 personal tax return has been extended to May 17, 2021. Annual return deadlines are nearly often in the spring, with extensions possible until the fall: Texas, Oklahoma, and Louisiana are included in this extension. The IRS website has a lot more information. The IRS has also declared that victims of winter storms will have until June 15, 2021, to file and pay company returns that were previously due on March 15th and April 15th. As a result, the deadline is shifted to the next business day for Maine and Massachusetts residents, which is April 19. So, for the same reason Tax Day is moved from April 15 to April 18 for most people, the IRS can’t set the tax filing and payment due date on April 18 for taxpayers in those two states. Why? Because Patriots’ Day, an official holiday in Maine and Massachusetts that commemorates Revolutionary War battles, falls on April 18 this year. Residents of Maine and Massachusetts get an extra day until April 19 to file their federal income tax return. Tax Filing Deadline For Maine And Massachusetts Residents TurboTax can walk you through the amendment process and, beginning with the 2019 tax year, even e-file your amended tax return for you. IRS Form 1040X is a two-page form used to amend a previously filed tax return. Simply file an amendment using Form 1040X. You don’t need to redo your whole return. You file your tax return, then realize you forgot to report some income or claim a certain tax credit. What If I Made A Mistake And Need To Refile My Taxes You can minimize the failure-to-file penalties by filing as soon as possible, paying as much as you can when you file and setting up an installment plan for the balance. The IRS starts charging penalties and interest on the day the return is due, no matter when you file. But don’t put off filing just because you can’t afford to pay the amount due on the day you need to file your tax return. If you’re one of them, you may not have the funds available to pay your tax bill by the deadline. This year, many people are dealing with financial troubles due to the pandemic, job loss and other factors. IRS will delay 2021 tax filing due date until May 17| ABC7
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