What if I need to file an extension this year?

By |2025-04-11T15:05:08-05:00April 11th, 2025|Categories: Transportation|Tags: , , , |

Great question! Filing a tax extension refers to a process by which taxpayers can request additional time beyond the original tax filing deadline to submit their tax returns to the Internal Revenue Service (IRS). In the United States, the standard tax filing deadline for most individuals is typically April 15th each year, unless that date falls [...]

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Penalties & Interest After the April 15 Deadline

By |2024-05-17T13:40:41-05:00May 3rd, 2024|Categories: Transportation|Tags: , , |

As we move past last month's deadline, it's crucial for individual taxpayers to understand the potential penalties and interest that may accrue if taxes remain unpaid after April 15th. The IRS imposes three distinct penalties for failing to pay taxes and file tax returns by the deadline: the failure-to-file penalty, the failure-to-pay penalty, and interest charges. [...]

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