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Deadline 9/30/22!
If you haven't filed your 2019 or 2020 return, you can get it done now, penalty free, but don't miss the deadline!
Covid Tax Relief: Penalty relief for certain 2019 and 2020 returns due to the pandemic.
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36 PDF, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
The IRS is also taking an additional step to help those who paid these penalties already. Nearly 1.6 million taxpayers will automatically receive more than $1.2 billion in refunds or credits. Many of these payments will be completed by the end of September.
Besides providing relief to both individuals and businesses impacted by the pandemic, this step is designed to allow the IRS to focus its resources on processing backlogged tax returns and taxpayer correspondence to help return to normal operations for the 2023 filing season.
To qualify for this relief, any eligible income tax return must be filed on or before September 30, 2022.
This includes 1040, 1041, 1120, 1065, amd more. Click the link for more detail.
Countdown to Tax Extension Deadline
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Individual Tax Advice
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