WASHINGTON — The Internal Revenue Service today reminded taxpayers about the upcoming tax filing extension deadline. To avoid a possible late filing penalty, those who requested an extension to file their 2022 tax return should file their Form 1040 and Corporation return Form 1120 on or before Monday, Oct. 16.

Other tax returns including Partnership tax returns and S Corporation tax returns were due on September 15, 2023. The IRS proposes substantial penalties for late tax filing and late payments.

Observation / Insight: Try to always file your taxes on time. Penalties can be removed for late filing if you have reasonable cause for filing late. If you need assistance or have questions regarding filing your tax return, please contact  Art Chianese, CPA at TAHR Services Inc or schedule a free discovery call today.

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