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All of your shoppers won’t be prepared for it, however Tax Day 2024 is right here.
Taxpayers who can’t meet the deadline can apply for a six-month extension for submitting, however they nonetheless should pay an estimate of any taxes they owe by April 15. In 2024, a well timed filed extension strikes the tax submitting deadline from April 15 to Oct. 15.
Provided that Tax Day is right here, shoppers have seemingly gathered all their obligatory info and submitted their types, together with any unpaid taxes because of the Inner Income Service. They’ve additionally seemingly already made any retroactive particular person retirement account contributions or taken different strategic actions, equivalent to harvesting losses, gifting or making charitable contributions to handle their general tax legal responsibility.
Nonetheless, even with the deadline upon us, the IRS and tax specialists have launched some essential reminders for taxpayers to bear in mind as their returns are processed or they grapple with a delayed return.
See the gallery for seven helpful Tax Day insights from IRS notices and the ALM Tax Information library.
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