The tax extension deadline is around the corner. Don’t panic. Sometimes life gets in the way and you’re not able to meet the tax filing deadline.
If this is the case, a tax deadline extension will provide you with the extra time to prepare and file your return. This can be for taxpayers experiencing unexpected circumstances (sudden illnesses, natural disasters). Everyone can file for a tax extension.
It is important to note that a tax extension isn’t an extension to pay your taxes. Any taxes owed to the IRS must still be paid by the original due date.
Here are the key takeaways from our quick guide:
M&M Tax can file your federal and state tax extension requests for you. While IRS Form 4868 is for the federal tax return on a taxpayer’s federal income taxes, each state has its separate tax forms. Visit M&M Tax and let us handle your request for additional time to file for you.
The tax deadline for 2023 is April 18, 2023. April 15th is the regular due date. Emancipation Day in Washington D.C. and Patriots’ Day extended the deadline to file. This happens if the tax filing deadline falls on a Saturday, Sunday, or legal holiday, which moves it to the next business day.
Note: The date will vary from year to year, so it is important to stay up-to-date. Double-check to file on time or apply for an extension. Here is a list of important tax dates and deadlines throughout the year to help you.
It’s important to understand that if you owe taxes, there are potential penalties and late fees you could face for failing to file your tax return on time. The amount and reason for unpaid taxes can determine the extent of penalties and fees imposed.
Here are some additional information on penalties:
We can’t stress enough about the importance of October 16, 2023. Remember that a tax extension gives you more time to prepare & file your tax return, but it is not an extension to pay your taxes. October 16 is when you file your return and pay your tax bill. Failure to file by this date can cause penalties and interest charges.
If you believe you won’t meet your extension by that date, then reach out for help. Contact the IRS or local tax professional. We’re here to help you gather important tax documents, understand the process, and pay any taxes you owe.
With over 30+ locations in South Carolina, there is a M&M Tax Service that is convenient for you.
Get a head start on the income tax season rush. Set up an appointment with a M&M Tax professional today.
Filing taxes online has never been easier. We will match you with a tax pro who is right for you and your needs.
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*Tax preparation starts at $99 after using $50 off coupon. Tax preparation charges are based on the complexity of your tax return and the risk associated with preparing your tax return. Electronic filing, a single state tax return and Obamacare tax forms are included for free with paid federal tax preparation.
¹ To be eligible for the $6,000 loan amount, your expected Federal refund less authorized fees must be at least $7,000. An Easy Advance (EA) is a loan secured by and paid back with your tax refund and is offered by Republic Bank & Trust Company, Member FDIC, to eligible taxpayers. Loan amount options are based on your expected Federal refund less authorized fees. If approved for an EA, a Finance Charge will apply. Loan is subject to underwriting and approval. EA proceeds are typically available within 24 hours of IRS acceptance of tax return or within 24 hours for those filing before the IRS start date; however, if direct deposit is selected, it may take additional time for your financial institution to post the funds to your account. Visit your tax preparer to learn about the cost and timing of all filing and product options. Available with preparation of 2023 federal tax return through Feb. 28, 2024.
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