Tax Tips: Extension Deadline
This year Tax Day returns to its regularly scheduled deadline with individual returns being due April 18th. The extra three days are a result of IRS offices being closed on April 15th in observance of Emancipation Day. If you are not able to file your tax return by the deadline, you can file for a six-month extension. The most important thing to know about filing an extension is that it is an extension to file, but not to pay. If you owe for 2021, you still need to pay that to the IRS by April 18th or be subject to penalties and interest.
Consult with your tax professional at Ketel Thorstenson about this or other tax matters because each situation is different. Don’t navigate the difficult and ever-changing tax codes and legislation on your own. Ketel Thorstenson CPAs and tax professionals receive advanced training and continuing education all year long to keep our service on the forefront of the tax industry.