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Form 1040 deadlines for 2023

Abr 26, 2023 | Sin categorizar | 0 Comentarios

Form 1040 deadlines for 2023.

The Internal Revenue Service announced on January 23, 2023, the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.

More than 168 million individual tax returns are expected to be filed, with the vast majority of those coming before the April 18 tax deadline. People have three extra days to file this year due to the calendar.

With the three previous tax seasons dramatically impacted by the pandemic, the IRS has taken additional steps for 2023 to improve service for taxpayers. As part of the August passage of the Inflation Reduction Act, the IRS has hired more than 5,000 new telephone assistors and added more in-person staff to help support taxpayers.

“This filing season is the first to benefit the IRS and our nation’s tax system from multi-year funding in the Inflation Reduction Act,” said Acting IRS Commissioner Doug O’Donnell. “With these new additional resources, taxpayers and tax professionals will see improvements in many areas of the agency this year. We’ve trained thousands of new employees to answer phones and help people. While much work remains after several difficult years, we expect people to experience improvements this tax season. That’s just the start as we work to add new long-term transformation efforts that will make things even smoother in future years. We are very excited to begin to deliver what taxpayers want and our employees know we could do with this funding.”

These steps took place as the IRS worked for months to prepare for the 2023 tax season. The January 23 start date for individual tax return filers allows the IRS time to perform annual updates and readiness work that are critical to ensuring IRS systems run smoothly. This is the date IRS systems officially begin accepting tax returns.

Filing a complete and accurate tax return can avoid extensive processing and refund delays as well as avoid the possibility of needing to file an amended tax return.

In addition, the IRS encourages people to carefully review their tax situation to make sure they don’t overlook important tax credits they may be eligible for.

April 18 tax filing deadline in 2023.

The filing deadline to submit 2022 tax returns or an extension to file and pay tax owed is Tuesday, April 18, 2023, for most taxpayers. By law, Washington, D.C., holidays impact tax deadlines for everyone in the same way as federal holidays. The due date is April 18, instead of April 15, because of the weekend and the District of Columbia’s Emancipation Day holiday, which falls on Monday, April 17.

June 15 tax filing deadline if you live abroad.

If you are a U.S. citizen or resident alien, you may qualify for an automatic extension of time to file without filing Form 4868. You qualify if, on the due date of your return, you meet one of the following conditions.

  1. You live outside the United States and Puerto Rico and your main place of business or post of duty is outside the United States and Puerto Rico.
  2. You are in military or naval serv-ice on duty outside the United States and Puerto Rico.

This extension gives you an extra 2 months to file and pay the tax, but interest will be charged from the original due date of the return on any unpaid tax. You must include a statement showing that you meet the requirements. If you are still unable to file your return by the end of the 2-month period, you can get an additional 4 months if, no later than June 15, 2023, you file Form 4868. This 4-month extension of time to file doesn’t extend the time to pay your tax.

October 16 tax filing deadline if you file Form 4868.

Taxpayers requesting an extension will have until Monday, October 16, 2023, to file.

Although you aren’t required to make a payment of the tax you estimate as due, Form 4868 doesn’t extend the time to pay taxes. If you don’t pay the amount due by the regular due date, you’ll owe interest. You may also be charged penalties. Any remittance you make with your application for extension will be treated as a payment of tax.

You don’t have to explain why you’re asking for the extension. The IRS will contact you only if your request is denied.

Most refunds issued in less than 21 days.

The IRS anticipates most taxpayers will receive their refund within 21 days if they choose direct deposit and there are no issues with their tax return. Taxpayers should check Where’s My Refund? on IRS.gov for their personalized refund status.

Awaiting processing of previous tax returns? People can still file 2022 returns.

Currently, the IRS has processed all individual tax year 2021 returns received prior to November 2022 that didn’t require error-correction or further review.

As of April 15, 2023, the IRS had 2.8 million unprocessed individual returns. These include tax year 2022 returns, 2021 returns that need review or correction and late filed prior year returns. Of these, 2 million returns require error correction or other special handling, and 796,000 are paper returns waiting to be reviewed and processed. This work does not typically require us to correspond with taxpayers, but it does require special handling by an IRS employee, so in these instances it is taking the IRS more than 21 days to issue any related refund.

What should you do?

In most instances, no further action is needed. The IRS will contact you by mail if they need more information or if they made a change to your return.

However, if you are due a refund, filed on paper more than six months ago, and Where’s My Refund? does not indicate that the IRS has received your return, you should resubmit your tax return. Make sure it includes an original signature, and include all documents submitted with the original return.

In all other cases, please do not file your tax return again.  Check Where’s My Refund? or view Your Online Account for possible updates.

Please do not hesitate to contact us that we will be able to prepare a new copy of your tax return. US Tax Consultants +34 915194392

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