TAX TIPS TUESDAY — YOUR TIME TO FILE IS ALMOST UP!

If you filed for an extension of time to file your 2020 Individual Income Tax Return, you have one month left. To be timely filed, your tax return must be filed on or before October 15, 2021.

It is recommended that you gather your income and deduction documents for 2020 as soon as possible and get them to your tax preparer so there’s time to get the return done before the October 15 due date. Frequently tax professionals find that they don’t have all the information they need to complete the return and the taxpayer must search for the documents that are missing or ask for reissued documents. Usually it takes time to get missing documents, so allow yourself plenty of time in case you find you are missing important information.

If you wait until after your extended due date of October 15 to file, you will be subject to the late filing penalty which can be substantial.

If you need to file your 2020 Income Tax Return, please call your local H&R Block office. In Manchester TN call 931-728-9462. H&R Block Has Your Back!