Monday is the deadline to file taxes for those who requested an extension on their 2022 return, and for some who had their deadline automatically postponed due to natural disasters.
Taxpayers in most of California now have an additional month to complete their return, after the Internal Revenue Service on Monday afternoon pushed their deadline until Nov. 16. Residents of the storm-battered state initially had their filing deadline extended to Oct. 16, along with those in parts of Georgia and Alabama.
Others have until midnight Eastern Time on Oct. 16 to file Form 1040 and any other necessary paperwork for your 2022 federal income taxes. Filing on time will help you remain in compliance and minimize any penalties and interest due.
“Make the deadline, even if you have to come back and amend the return,” says Karla Dennis, enrolled agent and CEO of KDA Inc. in La Palma, Calif.
Those who owe taxes but can’t pay their balance in full should pay as much as possible to reduce interest and penalties for late payment, the IRS says. The agency has options for people who can’t pay their taxes, including applying for a payment plan on IRS.gov.
IRS Free File is open until the midnight deadline, offering free guided tax preparation for taxpayers with adjusted gross incomes of $73,000 or less. Those whose incomes exceed that amount can use IRS free fillable forms to complete their taxes. The IRS maintains a directory of tax professionals authorized to e-file, who may be able to provide last-minute assistance to those who need it.
The IRS has intensified its enforcement activity, targeting wealthy individuals and partnerships in an effort to collect what the agency estimates is nearly $700 billion in owed but unpaid taxes each year.
Taxpayers in the military and those affected by certain natural disasters, such the recent seawater incursion in parts of Louisiana, may have different deadlines. What’s more, the IRS announced last week that taxpayers affected by the terrorist attacks in Israel qualify for an Oct. 7, 2024 deadline for Oct. 16 taxes and other deadlines that will fall within the extension period.
The IRS identifies those who qualify for this relief and extends it automatically, based on previously filed returns. Other eligible taxpayers can obtain relief by calling the IRS disaster hotline at 866-562-5227, the agency says; international callers may call 267-941-1000.
Write to Elizabeth O’Brien at [email protected]
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