Another tax due date is quickly approaching. If you didn’t get the chance to file your taxes before the regular tax due date of April 15th, your next deadline is October 15th.
Filing your returns on time can help you avoid penalties and interest from the IRS on any amounts due and can speed up the refund process if you are owed money. If you have yet to file, come by our office and take care of your tax return as soon as possible!
What Do I Need To File?
If you have yet to file your 1040 personal income tax return, you will want to begin gathering your documents as soon as possible to take care of your file before the extended due date.
The first thing you will need is identification. Your tax preparer will need to know your Social Security Number and see photo ID to ensure you are who you say you are. You will also need to gather this documentation for anyone else who will be mentioned on the file, including spouses and dependents.
The next thing you will need is any tax documents you have for the tax year in question. This means any W2s or 1099s given to you by your employers. If you did not receive them, reach out to your employer as soon as possible so they can send you your documents as you will not be able to file without them.
If you are a contractor or work on a 1099, you should also gather any work-related expenses you had during the year so you can properly account for your income and subsequent tax liability.
What Happens If I Didn’t File An Extension?
If you still have not filed your tax return and you also did not file for an extension, it is important that you file as soon as possible.
While you are able to electronically file returns for up to the previous three years, and are even able to mail in returns for years prior to that (though you cannot claim refunds older than that three year period), it is important that you do not wait past the due dates.
This is because the IRS, regardless of whether you filed on time or not, begins to charge penalties and interest on any amount owed starting with the tax return’s original due date of April 15th.
Conclusion
If you have not filed your tax return for 2025 yet, reach out to us and set up an appointment or stop by the office to take care of it as soon as possible. We can make sure you maximize your refund and take advantage of all of the new tax laws as they change with each season.
