The IRS recently sent out the following reminder notice to those who filed for an extension of time to file tax returns [or maybe didn't request an extension, but still need to file a tax return]:
Many people requested an extension to file their tax return after the usual April deadline. These filers have until Oct. 16, 2023, to complete and file their tax return. The IRS suggests that those who already have the forms and information they need file now – there’s no advantage to waiting until the deadline and filing now saves the worry that they may miss the deadline.
There are a few things extension filers should know as they get ready to file.
File by the deadline
Extension filers should file and pay any balance due by Monday, Oct.16, 2023.
Many taxpayers can use IRS Free File
Many taxpayers can e-file their tax return for free through IRS Free File. The program is available on IRS.gov through October 16. E-filing is easy and safe, and it’s the most accurate way for people to file their taxes. Filing electronically can also help taxpayers determine their eligibility for many valuable tax credits.
Taxpayers get their refund faster by choosing direct deposit
Anyone due a refund should request direct deposit to get their tax refund electronically deposited into their financial account.
IRS offers payment options for taxpayers with a balance due
Those who owe taxes and can't pay their balance in full should pay as much as they can to reduce interest and penalties for late payment. The IRS has options for people who can't pay their taxes, including applying for a payment plan on IRS.gov. Taxpayers can view payment options or check their account balance online.
Extension filers should request missing or incorrect documents directly from employer or other payers
If a taxpayer is waiting to file because they’re missing a form like a W-2 or 1099, they should contact their employer, payer, or issuing agency and request a copy of the missing or corrected document. If they still can't get the forms, they may need to use Form 4852 as a substitute.
Taxpayers who didn’t file in April and didn’t request an extension should still file as soon as possible
Anyone who did not request an extension by this year's April 18 deadline should file and pay as soon as possible. This will stop additional interest and penalties from adding up. There is no penalty for filing a late return for people who are due a refund
Some members of the military have different deadlines
Special deadline exceptions may apply for certain military service members and eligible support personnel in combat zones. The Department of Defense’s MilTax online tax software is available to service members and their families, regardless of income.
Taxpayers in disaster areas may have more time to file
Taxpayers living in an area impacted by a recent natural disaster may have an automatic extension of
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