Tips for last-minute tax filers as July 15 deadline draws near
It’s summer tax season!
This past spring, the deadline to file was pushed to July 15, but now that new date is near.
News 12’s Kristie Reeter checked in with Dynamic Tax and Accounting Service to get advice for last-minute filers.
"During the pandemic, it was very busy then once everyone got their stimulus check then everybody calmed down a little bit, but now, now that the city has opened back up and they realize the deadline is July 15 what happens now, so now we are like swamped with documents,” said Abdul Chowdhury.
So, let’s say you need to file. Chowdhury says, “Check and see if you can get it done right. But what I recommend is do not rush to get it done, because you want to get your tax return done correctly. So if for some reason you can not get your tax return done by July 15, file an extension."
He also says to keep in mind that an extension just gives you more time to file, not more time to pay, but how do you know what to pay?
"Make a payment with the extension, similar to what paid last year, so that way you are at least in because if you already pay 90% of your liability in by the extension, the remaining 10, it could, you know, the penalty could be waived,” said Chowdhury.
You can file the extension on the IRS website for free. If you’re working with an accountant, he says to remember all your documents so that things go smoothly.