Don’t Miss the Updated Tax Deadline
The tax deadline for 2021 was extended to May 17th, and many people are taking advantage of the extra time. However, be certain not to miss this extended deadline, as it is just as strict as the usual April 15th deadline in non-pandemic years. If you are not ready to file your returns, you can file for an extension, though you still need to pay your estimated tax liability on time. If you are owed a refund, there is no penalty for filing your return late, though it can take significantly longer to receive your refund. If you owe taxes to the IRS, there can be costly consequences of failing to file or pay on time. The IRS can assess penalties for lateness, which can add up quickly the longer…
