Extension Deadline for 2020 Tax Returns

By
Education & Training with Tax Raj Solutions LLC

I represent taxpayers in Boulder, CO and Denver, CO Metropolitan, CO who have issues with unpaid taxes  and outstanding tax liabilities, back taxes and wage garnishments.

 

The majority of taxpayers filed their 2020 tax returns on or before May 17, 2020. For taxpayers who requested an extra six months to file their 2020 tax return, a deadline to file your tax return is fast approaching. As a reminder, Friday, October 15, 2021 is the extension deadline for most taxpayers. Taxpayers who owe taxes, even those who did not request an extension, and who have yet to file their 2020 tax return can generally avoid additional penalties and interest by filing the return as soon as possible and paying any balance due.


Taxpayers should keep the following things in mind regarding the extension deadline and taxes:

  1. The easiest and safest way to file your tax returns is to e-file them. You can also file paper returns by mailing them to the IRS and State Revenue Department.
  2. If you are getting a refund, the fastest way to get the money is to combine direct deposit and e-file.
  3. Taxpayers who owe taxes should consider using direct debit from a checking or savings account. If you owe the IRS and cannot pay the whole amount, there are other payment options available to you. Please call the office if you need more details about other payment options.
  4. Members of the military and those serving in a combat zone generally get more time to file. Military members typically have until at least 180 days after leaving a combat zone to both file tax returns and pay any tax due.
  5. Taxpayers should always keep a copy of tax returns for their records. Keeping copies of tax returns can help taxpayers prepare future tax returns or assist with amending a prior year's return.

Taxpayers with complicated tax returns should contact the office immediately for assistance. Many tax preparers and accounting professionals are extremely busy due to the complexity of tax regulations brought about by the COVID-19 pandemic.


If you or somebody else you know are having IRS issues please feel free to contact me raj@taxrajsolutions.com or call me 301-461-2022. The IRS doesn't like to be ignored. Be proactive.

Enrolled agents are federal tax practitioners licensed by the Treasury Department.

 

Comments (4)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Welcome to the ActiveRain community. Congratulations on your first post.

Sep 12, 2021 08:32 PM
Rajbir Athwal

Thank you. 

Sep 13, 2021 08:21 AM
Matthew Klinowski, PA
Downing Frye Realty - Naples, FL
Naples Golf Guy | Find Your Dream Lifestyle

Congrats on your first post and welcome to ActiveRain!

Sep 13, 2021 03:57 AM
Rajbir Athwal

Thank you

Sep 13, 2021 08:21 AM
Graziella Bruner
NCS Premier Real Estate - Detroit, MI
Associate Broker - Serving Wayne & Oakland County

Welcome to Active Rain and congratulations on your first post.  there's nothing like owing the IRS!!! Something I don't want or like.  Thanks for sharing the information.

Sep 13, 2021 06:27 AM
Rajbir Athwal

Thank you.

Sep 13, 2021 08:22 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Rajbir Athwal welcome to ActiveRain, and congratulations on successfully posting your first blog on this site.

Sep 18, 2021 02:42 PM
Rajbir Athwal

Thank you, Learning something new!

Sep 18, 2021 08:15 PM