IRS Recommends Payment Plans for Taxpayers Who Missed April 15 Deadline
Published on June 12, 2024
The Internal Revenue Service (IRS) reminded individuals who have yet to make their 2023 tax payments that multiple payment options exist. Taxpayers who missed the April 15 deadline to file and pay their 2023 returns “should file their tax return and pay any taxes they owe as soon as possible to reduce penalties and interest,” the IRS said in a June 10 press release. While taxpayers can seek a filing extension, “an extension to file is not an extension to pay,” the agency noted. “An extension to file provides an additional six months with a new filing deadline of Oct. 15. Penalties and interest apply to taxes owed after April 15, and interest is charged on tax and penalties until the balance is paid in full.”...