Various individual income tax returns from the Internal Revenue Service (IRS).
Although the outbreak of the Chinese Communist virus (Wuhan virus, New Crown virus) is still spreading across the country, the Internal Revenue Service (IRS) confirmed this week that April 15 will remain the tax filing deadline and will not be postponed.
This means that those who have not yet prepared their tax returns should start to do so.
USA Today reports that for most Americans, Life doesn’t seem to have returned to normal. Last year, the IRS delayed the tax filing deadline until July 15, in large part because the pandemic outbreak caught everyone off guard. The IRS’s decision not only gave taxpayers an extra three months to file their tax returns, but also gave them three, or more, months to pay off any tax debt they owed without incurring interest or being penalized.
The IRS believes that many tax professionals have now moved to online services, so most people should have enough Time to complete their tax returns by the April 15 deadline.
The IRS tends to refund tax returns within three weeks of receiving an electronic application; refunds on paper returns can take longer. Therefore, for those who wish to receive their refunds as soon as possible, it is best to submit tax returns electronically. There is still a large backlog of last year’s paper tax returns waiting to be processed by the IRS.
Also, if you have not previously received an Epidemic relief check and your income for 2020 entitles you to receive the benefit, it is best to file your tax return as early as possible as this will help you get your relief check sooner.
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