The 2019 Income Tax Deadline Is Quickly Approaching

We have all been through the most unusual four months of our lives with the pandemic.  Something that has not been experienced before in the lives of most people alive today.  Hopefully, the worst part of the pandemic is over, people follow the safe-distancing and mask-wearing protocols and life will slowly return to a more normal state. 

In April, when the taxing authorities announced that there would be an automatic extension of time to file income taxes, many may have breathed a sigh of relief that they didn’t have to file for an extension or because they had extra time.

Well, my friends, that extra time is about to come to an end.  If you haven’t filed your income taxes for 2019, the magic day is July 15, 2020.  If you still aren’t ready to file your 2019 taxes, then you must file for an extension of time to file.  Remember, an extension of time to file does not give you an extension of time to pay.  If you fail to have made payment of the taxes owing, you can be subject to penalties and interest for the unpaid tax.  Those penalties and interest amounts can add up quickly, so I encourage you to file and pay as soon as possible. 

After all, won’t it be a relief not to have to think about doing your income taxes once you file them.  The 2020 income tax season will be here two months quicker next year!!

Happy filing.

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Kay Sowa

About the Author

Kay Sowa is a paralegal in the Trusts and Estates Group at Capehart & Scatchard, P.A. She is an IRS Enrolled Agent, an Accredited Estate Planner®, and a Certified Trust and Financial Advisor. She oversees the trust and estate administration practice for the firm. She is an accomplished author and lecturer who has frequently spoken on behalf of a number of organizations including the National Business Institute and the Institute of Paralegal Education.

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