Five steps to take to minimize any penalties and consequences
The tax deadline for individuals in the United States is usually April 15, but in some years it can be moved due to various reasons. This year, the tax deadline was moved to April 18.
The reason for the change in deadline was due to a holiday observed in the District of Columbia. Emancipation Day, which marks the anniversary of the day that President Abraham Lincoln signed the Compensated Emancipation Act in 1862, is a legal holiday in the District of Columbia. Since April 16, 2022, fell on a Saturday, the holiday was observed on Friday, April 15, which coincided with the traditional tax deadline.
If, however, you miss this year’s new tax filing deadline, the first thing you should do is not to panic. It's a common mistake that can happen to anyone. However, you should take steps to correct the situation as soon as possible to avoid any penalties or further consequences.
Here are five steps you can take if you missed the tax filing deadline:
File your taxes as soon as possible:
Pay any taxes owed:
Request an extension:
File amended returns:
Contact the IRS:
If you're having trouble filing your taxes or paying any taxes owed, you can contact the IRS for assistance. The IRS can provide you with guidance on how to file your taxes or set up a payment plan if you're unable to pay in full.
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