When it comes to filing your tax return, you must do so by April 15 to avoid additional interest and penalties. So long as your tax return is postmarked by this date, the Internal Revenue Service will consider your return timely filed.
Timely Filing
Federal income tax returns are due on April 15 of each year, unless the IRS states otherwise. If April 15 falls on the weekend or holiday, the due date is extended to the next business day. The IRS considers a return timely filed if the envelope is addressed correctly and postmarked no later than April 15. If a taxpayer files taxes according to a fiscal year that's different than the calendar year, his return is timely filed if submitted no later than the 15th day of the fourth month following the end of that year.
How to Request an Extension
If a tax return cannot be filed on time, the taxpayer can request an extension. However, the extension only extends the time to file, not the time to pay. If a taxpayer owes Uncle Sam, this means the payment must be submitted by April 15. Failure to do so will result in additional interest and penalty fees. To receive the extension, the taxpayer must complete and submit IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Tax Return, by April 15.
References
- Internal Revenue Service: When, Where and How to File
- Internal Revenue Service: Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return
- IRS. “Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return,” Page 2. Accessed October 21, 2020.
- IRS. “Extension of Deadlines — Combat Zone Service.” Accessed October 21, 2020.
- IRS. “About Form 8892, Application for Automatic Extension of Time to File Form 709 and/or Payment of Gift/Generation-Skipping Transfer Tax.” Accessed October 21, 2020.
- IRS. “Topic No. 653 IRS Notices and Bills, Penalties, and Interest Charges.” Accessed October 21, 2020.
- IRS. “Don’t Lose Your Refund by Not Filing.” Accessed October 21, 2020.
- IRS. “25.6.1 Statute of Limitations Processes and Procedures.” Accessed October 21, 2020.
- IRS. “Publication 560 (2018), Retirement Plans for Small Business.” Accessed October 21, 2020.
- IRS. “Traditional and Roth IRAs.” Accessed October 21, 2020.
- IRS. “Topic No. 429 Traders in Securities (Information for Form 1040 or 1040-SR Filers).” Accessed October 21, 2020.
- IRS. "IRA FAQS - Recharacterization of IRA Contributions." Accessed October 21, 2020.
- IRS. “E-services,” Page 2. Accessed October 21, 2020.
- IRS. "Extension of Time to File Your Tax Return." Accessed October 21, 2020.
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Based on the West Coast, Mary Jane Freeman has been writing professionally since 1994, specializing in the topics of business and law. Freeman's work has appeared in a variety of publications, including LegalZoom, Essence, Reuters and Chicago Sun-Times. Freeman holds a Master of Science in public policy and management and Juris Doctor. Freeman is self-employed and works as a policy analyst and legal consultant.