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IRS Grants Extension for Filing Individual Tax Returns

IRS Grants Extension for Filing Individual Tax Returns

On March 17, 2021, the IRS announced it would automatically grant an extension for individual taxpayers to file their income tax returns, pushing out the due date for many people to file until May 17, 2021. This extension is being granted without any interest on taxes due.

There are a couple of limitations on this tax extension. For one, the extension applies only to individuals, so other entities such as C-corporations still need to file by 4/15/2021. Additionally, the IRS extension only applies to federal tax returns. Despite this, following the extension announced by the IRS, Governor Holcomb, through Executive Order 21-07, delayed the due date for filing state taxes to align with the new federal due date of May 17, 2021.

If you have any questions about these tax extension or taxes in general, please contact the experienced attorneys at McNeeyLaw LLP at 317-825-5110.

This McNeelyLaw LLP publication should not be construed as legal advice or legal opinion of any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own lawyer on any specific legal questions you may have concerning your situation.

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