For those taxpayers that filed an extension in April, the deadline is right around the corner. About 1 in 8 taxpayers have filed an extension this year. The deadline is extended 6 months from the tax due date. This year, however, the deadline falls on October 17 than the typical deadline of October 15 since the 15th falls on a Saturday. It’s still recommended to file sooner than later to avoid any issues that may come up. Also, the IRS recommends electronically filing unless a paper return is required given the backlog that is currently with the IRS due to the prior year pandemic. While the IRS plans to hire more agents with the funding that the agency has received, it will take some time as there will be training required and immediate processing is unlikely to occur.
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