Due to the extreme winter weather, the IRS gave Texas taxpayers additional time to file their taxes. If you haven’t yet gotten around to doing them, it may be time to start.
How to get your taxes done
With summer here in Flower Mound though, and less than a week remaining for the deadline, most of us don’t want to spend a weekend or more dealing with the drudgery of taxes. The simplest way for most to get their taxes done on time is to use tax preparation services Flower Mound TX, like Masterplan Taxes.
We have a simple process to get your taxes done on time. Simply call or e-mail us to schedule an appointment. Then, upload your documents to our online portal, sit back and relax! We complete your return and schedule a final appointment where we’ll go over any last details.
What do I do if I can’t file my taxes on time?
With less than a week to go until the tax deadline, some filers may not be able to file on time. The IRS offers filing extensions to shift the due date to October 15 without a penalty. However, interest begins accruing on any unpaid balance on June 15, no matter what.
Nevertheless, extensions are better than forgetting to file at all, which could result in steep penalties (up to 50% for some taxpayers).
With this in mind, it’s clear that it’s always in your best interests to file your returns on time. Otherwise, you will have to pay either interest or penalties or both. Again, the best way to avoid these penalties and interest is to consult Masterplan tax preparation services Flower Mound TX.
Conclusion
For Texas personal filers, June 15, 2021 is the new tax deadline for your fiscal year 2020 taxes. If you haven’t yet filed your taxes, your best bet is to consult a tax preparation service to get your documents in order and get your return filed on time. Remember, if you owe money to the IRS, your balance will begin to collect interest starting on June 15. To avoid interest and possible penalties, make sure to file as soon as possible.