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Taxpayers should file their tax return on time even if they cant pay their tax bill in full

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Blog by Vilensky & Company, LLC

Taxpayers should file their tax return by the deadline even if they cannot pay the full amount due. If an individual taxpayer owes taxes, but can't pay in full by the May 17, 2021 deadline, they should:

File their tax return or request an extension of time to file by the May 17 deadline.

  • People who owe tax and do not file their return on time or request an extension may face a failure-to-file penalty for not filing on time.

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Original Article Source Credits: IRS, https://www.irs.gov

Article Written By: NA

Original Article Posted on: 20-Apr-2021

Link to Original Article: https://www.irs.gov/newsroom/taxpayers-should-file-their-tax-return-on-time-even-if-they-cant-pay-their-tax-bill-in-full



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