MIDLAND, Michigan -- Taxpayers are reminded that the extended tax filing deadline is swiftly approaching on October 16th. Those who requested an extension earlier this year must submit their completed tax returns by this date to avoid late-filing penalties.

The October 16th deadline applies to taxpayers who requested a six-month extension to file their 2022 tax return. The extension provides extra time to file but does not extend the time to pay any taxes owed. Those who haven't settled their tax bill should do so immediately to minimize any additional interest and penalties.

Key Points to Remember:

• Ensure Accuracy: Double-check all information on the return to avoid potential errors or discrepancies. 

• E-file for Speed: Electronic filing (e-filing) is the fastest, most efficient way to submit a tax return and receive a refund if one is due. 

• Payment Options: If you owe taxes, consider direct pay options available through the IRS, or set up an installment agreement if you cannot pay in full.

• Refunds: For those expecting a refund, the IRS's “Where's My Refund?” tool provides updates within 24 hours of e-filing or four weeks after mailing a return.

• Seek Help if Needed: If you have questions or uncertainties, contact our office at (989) 704-6560 or (615) 267-0125 to schedule a consultation to discuss your tax situation.

Taxpayers who miss the October 16th extension deadline can face penalties, additional interest charges, and potential legal consequences. It's crucial to act promptly and ensure compliance.

For more information, guidance, and resources on tax deadlines, visit the official IRS website at www.irs.gov.

About Rick Miller, CPA

Rick Miller is the Director of Tax & Business Services for Frazier and directs the Great Lakes office in Midland, Michigan.  He leads the tax preparation team and works with the legal side of Frazier when handling tax controversy cases.  He can be reached at [email protected] or at (989) 704-6560.