This year the usual April 15 Tax Day deadline for federal income returns was extended to July 15 due to the COVID-19 outbreak.
Now that July is upon us, it’s time to make sure you have filed your return to avoid incurring interest and penalties which begin to accrue on any remaining unpaid balances as of July 16.
Individual taxpayers who need additional time to file beyond the July 15 deadline can request a filing extension by filing Form 4868 through their tax preparer, the tax software they use or by using the Free File link on IRS.gov.
Businesses can also request a filing extension by file a Form 7004.