Do you owe taxes but haven’t yet filed your 2020 return? There’s still time to file your return by the May 17, 2021 due date and avoid a late filing penalty. But what if you can’t pay what you owe? To limit penalties and interest, you should pay as much as you can by the due date. Even if you request an extension to file, you must pay your tax bill in full by the deadline to fully avoid a failure-to-pay penalty. You can set up a payment plan with the IRS and you may have other options. Contact us if we prepared, or are preparing, your tax return. Here’s more from the IRS: http://bit.ly/3nddY1O Call or visit our website for more information! www.mjscpa.com/
