Just a reminder to those who have not yet filed their 2021 federal tax return the IRS the filing due date, April 18, 2022, is the filing due date for your return and pay any taxes owed.
In addition, the April 18, 2022 deadline also applies to the following:
Tax year 2021 balance-due payments – Taxpayers that are filing extensions are cautioned that the filing extension is an extension to file, NOT an extension to pay a balance due. Late payment penalties and interest will be assessed on any balance due, even for returns on extension. Taxpayers anticipating a balance due will need to estimate this amount and include their payment with the extension request.
Tax year 2021 contributions to a Roth or traditional IRA – April 18 is the last day contributions for 2021 can be made to either a Roth or traditional IRA, even if an extension is filed.
Individual estimated tax payments for the first quarter of 2022 – Caution – The IRS did not extend the deadline for the first installment of the 2022 estimated tax payments, which continues to be April 18, 2022.
If this office is holding up the completion of your returns because of missing information, please forward that information as quickly as possible in order to meet the deadlines. Keep in mind that the ending days of tax season are very hectic, and your returns may not be completed if you wait until the last minute.
If you haven’t met with us yet or it is apparent that the information will not be available to meet the filing due date for April 18th, then let our office know right away so that an extension request, and 2022 estimated tax vouchers if needed, may be prepared.
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