Business
Tax Day Approaches: Last-Minute Filing Tips and Extensions for Taxpayers
The tax filing deadline is looming, and MarketWatch provides essential guidance for last-minute filers as Tax Day approaches. As individuals rush to meet the IRS deadline, there are important tips and options available for those who may need to file for an extension.
Taxpayers in certain states like Massachusetts and Maine have until April 17 to file their taxes due to local holidays such as Patriots' Day and Emancipation Day. The U.S. Postal Service plays a crucial role in ensuring timely filings, with postmarking being a key factor in meeting the deadline.
IRS Commissioner, Danny Werfel, anticipates millions of taxpayers seeking an extension. Form 4868 is a vital tool for those needing additional time to file their federal tax returns. It is essential to remember that extensions do not postpone the obligation to pay taxes owed by the April 15 deadline.
For individuals making electronic payments for extensions, the IRS website provides a seamless process. Additionally, prominent figures in journalism like Aliza Chasan from 60 Minutes and CBSNews.com offer valuable insights on last-minute tax filings and extensions.
In the realm of news reporting, Aliza Chasan’s experience with outlets such as PIX11 News and The New York Daily News adds depth to discussions on trending topics, including tax season issues. Her coverage spans a wide range of areas, from crime to politics, providing a comprehensive view of current events.