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 October 15th, 2021 is your last chance to file your 2020 Personal and/or Corporation Income Tax Return without penalty for filing late

October 15th, 2021 is your last chance to file your 2020 Personal and/or Corporation Income Tax Return without penalty for filing late

The Internal Revenue Service reminds taxpayers about the upcoming October 15 due date to file 2020 tax returns. People/Corporations who asked for an extension should file on or before the extension deadline to avoid the penalty for filing late.
There is usually no penalty for failure to file if the taxpayer is due a refund. However, people who wait too long to file and claim a refund, risk losing it altogether. Those who have yet to file a 2020 tax return, owe tax, and did not request an extension can generally avoid additional penalties and interest by filing the return as soon as possible and paying any taxes owed.

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