IRS July 15 Deadline: The deadlines to FILE and PAY 2019 federal income taxes are July 15, 2020, an extended deadline that will not be postponed, the Department of the Treasury and IRS announced July 1. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.
Unclaimed Tax Refunds: Income tax refunds worth more than $1.5 billion await an estimated 1.4 million individual taxpayers who did not file a 2016 federal income tax return. There’s still time to file your 2016 federal income tax return and claim your refund. You must file your 2016 tax return with the IRS no later than this year’s extended tax due date of July 15, 2020. For more details click here.
Form 1040: The IRS reminds taxpayers filing Form 1040 series returns that they must file Form 4868 by July 15 to obtain the automatic extension to Oct. 15. The extension provides additional time to file the tax return – it is not an extension to pay any taxes due.
Even if you are filing extension, carefully review your situation and pay what you can by July 15 to avoid penalties and interest.
For people facing hardships, including those affected by COVID-19, who cannot pay in full, the IRS has several options available to help.
Payment options are available on IRS.gov, and most can be done automatically without reaching out to an IRS representative. See the newly-released#IRS guidance #COVIDreliefIRS