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The Treasury had initially required many businesses to file the report to the agency’s Financial Crimes Enforcement Network, known as FinCEN, by Jan. 1. Noncompliance carries potential fines ...
"These companies would otherwise have been required to report by Jan. 1, 2025." Some business associations say the extension still doesn't give business owners enough time to meet the deadline.
The 2025 tax season is in full swing, and if you haven't yet filed, there's still time to make sure you get everything right before submitting your returns to the IRS -- but the clock is ticking....
Yes, if you need more time with your taxes the IRS allows extensions through Oct. 15. The extension must be filed by the April 15 tax deadline. To request an extension, here’s where to ask for one.
The filing of Federal tax returns is required under federal law. Individuals who receive more than the statutory minimum amount of gross income must file. [3] The standard U.S. individual tax return is Form 1040.
The IRS estimates that 19 million Americans will file for extensions this year. As of earlier this month, 101.8 million Americans had filed a tax return, of which 66.8 million garnered a refund.
Filing your taxes late may result in a penalty or interest, and, even if you do request an extension, you'll still need to pay the taxes you owe by the April 15 deadline, and should estimate how ...
Image source: The Motley Fool/Upsplash. Tax returns were due this year on April 15. But if you weren't ready with your 2023 return at that time, you hopefully requested an extension.