If you’re not able to file your federal income tax return by the April due date, you can file for an extension by the April due date using IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return. Filing this extension gives you an additional six months (until October 17, 2022) to file your federal income tax return. You can also file for an automatic six-month extension electronically (details on how to do so can be found in the Form 4868 instructions). There may be penalties for failing to file or for filing late.
Year-End 2020 Tax Tips
IRA and Retirement Plan Limits for 2020
Have you checked your tax withholding lately?
Tax Reform Highlights
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Mid-Year Planning: Tax Changes to Factor In
The Tax Cuts and Jobs Act, passed in December of last year, fundamentally changes the federal tax landscape for both individuals and businesses. Many of the provisions in the legislation are permanent, others (including most of the tax cuts that