Federal Tax Filing Deadline 2019
With the tax season closing in, we all start to ponder the task of tax preparation. Some of us jump right on it, especially if there is a big tax refund to be had.
Others, like myself, procrastinate day after day until the tax filing deadline rears its ugly head and raises the hair on the back of our necks. Yup, been there before!
Fact is, the tax filing deadline is not all that firm when it comes to tax return preparation and filing. However, That is NOT the case for not paying any amount of taxes you may owe.
Extend Your Tax Filing Deadline To Oct 15
2018 - 2019 Note: April 15th is the common tax filing deadline. However, if the deadline falls on a weekend in any given year, the deadline is automatically extended until the next weekday, or in some cases the second week day from the normal tax filing deadline of the 15th.
This years tax filing deadline, Monday April 15, 2019
The Federal Government - Internal Revenue Service (IRS) allows tax payers to apply for an extension to file their income taxes up to 6 months later (Oct 15th), as compared to April 15th. This does Not mean you get to wait to pay what you owe. If you do owe money on your tax return, at least 90% of the amount due needs to be paid by April 15th to avoids penalties and interest.
Can't Meet The Tax Filing Deadline? No Worries! A Tax Extension Is The Answer.
Are you a little worried that you may not meet the tax filing deadline in time this year? Well, relax! you can file for an automatic six-month extension with the IRS to file your return in October instead of April.
Now you should note that the failure-to-file penalty is can be harsher than the failure-to-pay penalty. This means that if you're short on funds and don't have the cash to pay your taxes due, the best thing to do is to file an extension or, file your tax return on time and pay as much as possible of the tax amount you will owe for the tax year being filed.
A failure to file your return or an extension will cost you dearly as follows:
- 5 percent of your unpaid taxes every month that your tax return is late
- up to 25 percent, with a minimum penalty of $135.
You may be able to avoid the penalty if you have a reasonable explanation for filing late. The IRS suggests that you attach a statement to your tax return that fully explains your reason for filing late. Their determination will be based on this explanation so make it good...
Tax Extension Deadline for Military Overseas Deployment
For military members serving overseas during tax filing season, the IRS automatically grants you a 2-month tax extension to (June 15) ― with no paperwork required to be filed and no tax payments or penalties assessed.
However, If you need more than an extra 2 months to prepare and file your tax return, you are required to submit by mail or e-file an IRS tax Form 4868 to get an additional 4-month income tax extension to (October 15).
If you are stationed outside the United States or Puerto Rico and are exercising your right to file by June 15 instead of April 15, make sure to write "Taxpayer Abroad" at the top of your 1040 tax return and attach a statement that explains your international deployment situation.
Filing an income tax extension is easy, especially if your using a online tax extension service. These programs guide you through the quick process then efile your extension with the IRS.
You can then expect an email informing you that your extension has been granted.
Once approved, you can then file your federal income tax return anytime on or before the extended Oct 15th tax extension deadline. Filing a federal income taxes extension online is the quickest way to get your extension locked in.
Income Tax Software
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