Deadline for Tax Filing Extended in Certain Areas

Monday is the deadline to file taxes for individuals who had previously requested an extension on their 2022 return. Additionally, taxpayers residing in parts of California, Alabama, and Georgia benefit from an automatic postponement of their spring filing deadline due to recent natural disasters.

File by October 16, Midnight Eastern Time

You have until midnight Eastern Time on October 16 to submit Form 1040 along with any other necessary documents for your federal income taxes of 2022. Filing within this timeframe ensures compliance and helps to minimize potential penalties and interest charges.

Prioritize the Deadline

As Karla Dennis, an enrolled agent and CEO of KDA Inc. in La Palma, Calif., advises, “Make the deadline, even if you have to come back later to amend the return.”

Payment Options for Those Unable to Pay in Full

For taxpayers facing the challenge of owing taxes without the means to pay the full amount, the Internal Revenue Service (IRS) offers guidance. The IRS encourages individuals to submit as much payment as possible, as this reduces the burden of interest and penalties arising from late payment. Furthermore, the IRS provides flexible options such as applying for a payment plan through their official website, IRS.gov.

IRS Free File: Free Tax Preparation for Eligible Taxpayers

The IRS Free File program provides a valuable resource for taxpayers with adjusted gross incomes of $73,000 or less. Until the midnight deadline, eligible individuals can take advantage of free guided tax preparation services. For those whose incomes exceed this amount, the IRS offers free fillable forms as an alternative method to complete their taxes.

Assistance for Last-Minute Filers

Targeting Tax Enforcement

To address the issue of unpaid taxes, the IRS has intensified its enforcement efforts towards wealthy individuals and partnerships. The agency estimates that nearly $700 billion in owed taxes remains uncollected each year. By focusing on this sector, the IRS aims to retrieve the outstanding tax amounts and ensure fairness in the system.

Different Deadlines for Special Circumstances

Certain groups of taxpayers may have different tax deadlines due to special circumstances. For example, military personnel and individuals impacted by natural disasters, such as the recent seawater incursion in parts of Louisiana, may be granted extensions. Furthermore, the IRS recently announced that taxpayers affected by the terrorist attacks in Israel have until October 7, 2024, to file their taxes and fulfill other related deadlines falling within the extension period of October 16.

In summary, the IRS Free File program provides a helpful solution for eligible taxpayers, offering free tax preparation services. Additionally, the agency’s enforcement efforts target wealthy individuals and partnerships to address the significant issue of unpaid taxes. Special circumstances may warrant different tax deadlines for certain groups, ensuring flexibility and understanding within the system.

IRS Extends Relief to Eligible Taxpayers

The Internal Revenue Service (IRS) has announced that it will provide relief to those who qualify for it, based on their previously filed returns. This relief will be extended automatically, without the need for individuals to take any additional steps.

How to Obtain Relief

Retain this information for future reference. For any questions or concerns, please refer to the official IRS website.