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For this year, if you had more than $5,000 in gross business transactions on a given app or platform, then you, the IRS and your state tax department should all receive a 1099-K reflecting that.
If you opt to user IRS Form 4868, you’ll also get an automatic six-month extension. This form, too, will require you to estimate your tax liability, but you won't have to make a payment immediately.
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.
Tax filers can use IRS Free File to request an extension electronically. If you prefer to mail a paper version of the extension, called form 4868, make sure it's postmarked no later than April 15.
In 2022, Tax Day was moved back from the standard date of April 15 to April 18 to accommodate a holiday. However, many people needed more time and filed for extensions, which all taxpayers are...
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If you don’t file for a tax extension and fail to file by Tax Day, you’ll be hit with a “failure to file” fee equal to 5% of your unpaid taxes required to be reported.
Here's what to know about filing your taxes, requesting an extension, and paying the Internal Revenue Service. Tax payment day marked on a calendar - April 18, 2022 with 1040 form, financial ...