The IRS has come in cover of the victims of recent Texas winter storms by extending the March 15 and April 15 due dates till June 15 and the detailed announcements as follows;

Victims of this month’s winter storms in Texas will have until June 15, 2021, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Following The recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), the IRS is providing this relief to the entire state of Texas. But taxpayers in other states impacted by these winter storms that receive similar FEMA disaster declarations will automatically receive the same filing and payment relief. The current list of eligible localities is always available on the disaster relief page on IRS.gov.

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With the April tax filing due date just a few days away, taxpayers should remember to both file and pay any taxes they owe by the deadline. Taxpayers who do not file and pay timely will see their tax debt grow. In fact, penalties and interest can cause a taxpayer’s debt to grow by more than thirty percent in just a few months.

Here are some tips for taxpayers who owe tax, but who can’t immediately pay their tax bill. Taxpayers should:

File their tax return or request an extension of time to file by the April deadline.
Taxpayers who owe tax and do not file their return on time or request an extension may face a failure-to-file penalty for not filing on time.
Pay as much as possible by the April due date.
Whether they are filing a return or requesting an extension, taxpayers must pay their bill in full by the April filing deadline. Taxpayers who do not pay their taxes on time will face a failure-to-pay penalty. Taxpayers should remember that an extension of time to file is not an extension of time to pay.
Set up a payment plan as soon as possible.
Taxpayers who owe, but cannot pay in full by the deadline don’t have to wait for a tax bill to request a payment plan. Taxpayers can apply for a payment plan on IRS.gov. Taxpayers can also submit a payment plan request in writing using Form 9465, Installment Agreement Request.

e-File Business and Individual Extension Tax Forms online

Form 7004 and Form 4868 are due this April 15th, File a Tax Extension and Push you Deadline to October 15th

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IRS extends April 15 and other upcoming deadlines, provides other tax relief for victims of Texas winter storms

Taxpayers who can’t pay their taxes should still file on time

e-File Business and Individual Extension Tax Forms online

Form 7004 and Form 4868 are due this April 15th, File a Tax Extension and Push you Deadline to October 15th

All taxpayers will file using 2018 Form 1040; Forms 1040A and 1040EZ no longer available