Video Topic: IRS Tax Extension Deadline 2022 - Late Filing Penalty - Late Payment Penalty The deadline for those who requested an IRS tax extension is fast approaching on October 15th, 2022. This is the deadline for the completion of all tasks. Due to the fact that October 15th is a weekend in 2022, the date has been shifted to the 17th. You will likely still require assistance, though. Here is all the information you'll need to file your taxes before the October 15th deadline. Obviously, Tax Fines Are Something You Wish to Avoid The late filing penalty is not the same as the late payment penalty, so make sure you understand the distinction. If you have an IRS tax debt and you don't file an extension or return by the April due date, you will be charged a late filing penalty. It's typically more expensive than the penalty for paying taxes late. Even if you are unable to pay your taxes in full by Tax Day, filing a return or requesting an extension will show the IRS that you are not neglecting them. You will still be subject to late payment penalties regardless of what happens, but at least you won't have to worry about late filing penalties in addition to these expenses. If you select eFile's "late tax filing penalty calculator," you may figure out how much of a fine you'll have to pay. For the 2021 Tax Year, There Will Be Exceptions Even if you were late in completing your tax return, you will not be subject to a late filing penalty if you did not owe any taxes for the Oct 15th tax deadline of 2021. Keep in mind that if you wait until after April 15th, 2025 to file for your 2021 tax refund, you won't be able to get it. You'll have to wait that long since you only have three years from the original due date to get your tax refund. If you are expecting a tax refund, don't be one of the hundreds of people who forget to pick it up and send it back to the Internal Revenue Service (IRS). What Happens If Your Taxes Aren't Submitted by October 15? Whether you're an individual or a corporation, if you miss the October deadline, you need to take immediate action. For any missing tax year or other prior years, you should file your taxes using paper forms. We also think you should pay over the most amount feasible in fines, fees, etc. That way, you can minimize any potential penalties and interest charges from the IRS. Get the scoop from your accountant or bookkeeper like Houston.Tax. Tax Services by Houston.Tax for the Oct 17th Tax Extension Deadline Last but not least, if you are pressed for time and in need of a professional tax preparer near me in Texas and Houston to safeguard your file, reduce your responsibility, and optimize your credits and deductions before this or any other tax deadline, please do not hesitate to contact or call us at (281) 404-0443 for Accounting and Tax Services. For more details watch the complete video. If you want to read our blog/article on IRS Tax Extension Deadline 2022 then click the link below: https://www.houston.tax/blog/file-your-irs-tax-extension-before-october-17th-2022-in-texas-with-houston-tax-foremost-information-on-oct-15th-tax-deadline-for-texians-and-houstonians ------------------------------------------------------------------------------------------------------------------ For requesting a Tax Service: https://www.carts.houston.tax/first-touch/steps/intro-landing/ ---------------------------------------------------------------------------------------------------------------- For Requesting a bookkeeping Service: https://www.carts.houston.tax/bookkeeping/steps/books-landing/ ------------------------------------------------------------------------------------------------------------ For more query Contact Us thru our email address: contact@houston.tax ----------------------------------------------------------------------------------------------------------- Call Us: (281) 404-0443 ----------------------------------------------------------------------------------------------------------- For more information visit our website: https://www.houston.tax/ Below is the Timestamp of this video content: 00:00 - IRS Tax Extension Deadline 2022 - Late Filing Penalty - Late Payment Penalty 00:37 - Obviously, Tax Fines Are Something You Wish to Avoid 01:35 - For the 2021 Tax Year, There Will Be Exceptions 02:26 - What Happens If Your Taxes Aren't Submitted by October 15? 02:55 - Tax Services by Houston.Tax for the Oct 17th Tax Extension Deadline #irs #taxes #tax #taxation #taxpreparer #taxservices #deadlines #taxrefunds #taxrefund2022 #unitedstates #usa #texas #houston #houstontexas #houstontx

Video Topic: IRS Most Common Tax Forms 2022 - Wage and Tax Statement Form W 2 - W 4 Tax Form Learn about the IRS tax forms you'll need to fill out next tax season to save yourself some time. This webpage will serve as a reference for the most typical tax return forms. Wage and Tax Statement (Form W-2) For employed taxpayers, the W-2 is one of the most typical IRS tax forms. This form keeps track of how much you made and how much you paid in taxes during the year. By the start of tax season, employers who withhold income for Medicare and Social Security are supposed to furnish a W-2 (no later than January 31). Employee's Withholding Certificate (Form W-4) Form W-4 will be sent to you to calculate how much federal income tax should be withheld from your paycheck. Substantial life changes occur that will influence your filing status, you should update this form (such as marriage). Miscellaneous Income Form 1099-MISC The miscellaneous income form is for taxpayers who earn money from rent, royalties, or other sources of income involving big payments from individuals or companies. The IRS will issue Form 1099-MISC to you. Individual Income Tax Return (Form 1040) in the United States This form establishes your filing status, basic deductions, credits, and, most crucially, how much you owe the IRS. For more detail watch the complete video. If you want to read a blog on IRS Most Common Tax Forms 2022 - Wage and Tax Statement Form W 2 - W 4 Tax Form then click the link below: https://www.houston.tax/blog/the-2022-guide-to-help-you-understand-most-common-irs-tax-return-forms For requesting a Tax Service: https://www.carts.houston.tax/first-touch/steps/intro-landing/ For Requesting a bookkeeping Service: https://www.carts.houston.tax/bookkeeping/steps/books-landing/ We are Xero Partners and offer free bookkeeping software with service or get 50% off for six months: https://www.xero.com/us/partnerships/houston-tax/ For more query Contact Us thru our email address: contact@houston.tax Call Us: (281) 404-0443 For more information visit our website: https://www.houston.tax/ Below is the Timestamp of this video content: 00:00 - IRS Most Common Tax Forms 2022 - Wage and Tax Statement Form W 2 - W 4 Tax Form 00:15 - Wage and Tax Statement (Form W-2) 00:39 - Employee's Withholding Certificate (Form W-4) 00:53 - Miscellaneous Income Form 1099-MISC 01:17 - Individual Income Tax Return (Form 1040) in the United States 01:31 - U.S. Tax Return for Seniors, Form 1040-SR 01:55 - Certain Government Payments Form 1099-G 02:13 - Tuition Statement, Form 1098-T #irs #tax #taxes #taxreturns #incometax #incometaxreturn #taxform #unitedstates #texas #houston