The May 17 deadline for filing your 2020 individual tax return is coming up soon. It’s important to file and pay your tax return on time to avoid penalties imposed by the IRS. Here are the basic rules.
Failure to pay
Separate penalties apply for failing to pay and failing to file. The failure-to-pay penalty is ... Read More ›
Gov. Pritzker announced today that his administration is extending the individual income tax filing and payment deadline from April 15 to May 17. The Illinois Department of Revenue (IDOR) will continue to process tax refunds for those filing ahead of the deadline.
The filing extension does not apply to estimated tax payments that are due on ... Read More ›
The Treasury Department and Internal Revenue Service announced that federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15th to May 17, 2021. According to the IRS News Release, taxpayers can also postpone federal income tax payments of the 2020 tax year due on April ... Read More ›