Tax Deadline Alert for 2015 Tax Returns

Dates are very crucial to taxes. In the United States of America, if you miss the deadline and owe Uncle Sam, then you may end up owing and paying even more penalties. This is why the Internal Revenue Service announces any tweak in connection with the 2015 tax filing deadline. The issue comes from the confluence of task deadlines with federal and state holidays. This is what we shall be looking at in this write up.

Part 1Tax Deadline for Filing 2015 Tax Returns

The tax deadline for 2015 tax returns is on the April 15th. However, most people will have up to April 18th, 2016 to file their returns and make the first 2016 estimated tax payment. The following table summarizes the dates and deadlines for filing 2015 tax returns.

Dates & Deadlines	Tax Events
November 15, 2015	The Open enrolment of task year 2016 begins.
January 4, 2016	The Inuit Electronic filing center begin the acceptance and holding 2015 tax returns that are final and can be e-filed. The IRS starts processing stockpiled returns on January 19 (a few are processed up to a week earlier for testing purposes).
January 15, 2016	Due date for fourth installment of 2015 estimated tax payments.
January 19, 2016	The processing of previously stockpiled returns on a first-in, first-out basis starts by the IRS. The IRS runs a small number of stockpiled returns through their systems up to a week before this date for testing purposes.
February 15, 2016	Open enrollment for tax year 2016 ends at the Health Insurance Marketplace. Note that open enrollment for 2015 tax year ended March 15, 2015.
March 15, 2016	Deadline for filing a 2015 corporation or S corporation return or extension.
April 15, 2016	Deadline for filing a 2015 personal, partnership, or calendar year estates/trusts tax returns or extension. The first Installment of 2016 estimated tax payment becomes due.
April 18, 2016	Deadline for resubmitting or paper-filing a rejected federal return that was originally e-filed by the April 18 deadline if you did not file an extension.
April 25, 2016	Deadline for resubmitting or paper-filing a rejected federal return that was originally e-filed by the April 18 deadline if you did not file an extension.
June 15, 2016	Deadline for filing a 2015 personal return for U.S. citizens or residents living and working abroad, including military duty. Due date for second installment of 2016 estimated tax payments.
September 15, 2016	Final deadline to file your 2015 corporation, S corporation, or partnership tax return if you filed an extension. Due date for third installment of 2016 estimated tax payments.
September 30, 2016	Final deadline to file your 2015 calendar-year estate/trust tax return if you filed an extension.
October 17, 2016	Final deadline to file your 2015 personal or C corporation tax return if you filed an extension.
October 20, 2016	Final deadline to resubmit a rejected return that was originally e-filed on or before October 17.

Part 2 These Tips can be Helpful In Case You Miss the Deadline

●If for any reason you miss the tax filing deadline on April 15th or the associated extension, then the following tips will be helpful.
●File Immediately: You are supposed to file as soon as you can in this situation. This is necessary in order to stop the interest and penalties that you will owe. The IRS Direct Pay offers a direct, secure and easy way to pay your tax directly from your saving or checking account. However, note that there is actually no penalty for late filling if you are due for a refund. But the earlier you file, the earlier you get it.
●Pay As Much As You can afford to pay: In a case where you owe taxes but cannot pay in full, then it is advisable to pay as much as you can when filing your tax return. Note that the IRS electronic method is the easiest and fastest way to pay your taxes. Pay the balance you still owe as soon as possible to reduce your future interest and penalties.
●Pay Over time with the IRS.gov tool: You can apply for an installment agreement with IRs if you still more time to pay your taxes. Use the IRS online payment agreement tool to apply and set up a direct debit agreement with the IRS.gov tool.
●Use the IRS e-File for your taxes: This is the safest, easiest and accurate way to file your taxes.