By NICK GOSNELL
Hutch Post
HUTCHINSON, Kan. — COVID-19 has pushed off some tax deadlines, but those are coming up this week.
"July 15 is the new April 15," said IRS spokesman Michael Devine. "Everybody has to file their tax return and pay any taxes owed by July 15. It's also the deadline for estimated tax payments that would normally have been due in April and June. Those are also due on July 15."
If you owe both estimated tax and actual tax, you need to think ahead.
"If you are in a position where you need to file your tax return and pay more tax and you are required to file estimated tax payments, you can't do that all as one payment," Devine said. "You have to pay those in two separate bills. You can put together your estimated tax payments and pay that one time and then pay your individual tax on a second payment. You can't put them together because we won't know which money goes to what account."
If you've had a change in your income and you know you can't pay, contacting the IRS in advance is still best and go ahead and file.
"You really need to file that tax return, because the failure to file penalty is ten times larger than the failure to pay penalty," Devine said. "File your tax return. Pay what you can. Then you can set up an installment agreement or wait until the IRS contacts you about paying the taxes that you owe."
The best way to find out what you can do is to go to irs.gov or call (800) 829-1040.