Tax Deadline, Start, and Extension Dates for 2014
It’s January. Other than 2 feet of snow being dumped on me this weekend, do you know what that means? Tax season has arrived. This post will help get you in the mood and covers the 2014 tax deadline, filing start date, and extension deadlines for the previous calendar year’s taxes.
Note, there is a bit of a lag this year to the start of tax filing season, with the fall government shutdown pushing everything back. More on that later in the post.
Also – stay tuned – in the coming weeks, I’ll be offering up some free tax software to readers!
When is the 2014 Tax Filing Deadline?
The IRS tax deadline is Tuesday, April 15, 2014 – for 2013 calendar year income. Since the deadline falls on a Tuesday this year, there is no mini weekend extension as we have had in some recent years.
Tax Filing Postmark & E-File Deadline
The April 15 tax deadline does not refer to when the IRS receives your tax return. Instead, it refers to the date that the tax return is postmarked. So if you mail out your tax return on April 15 by U.S. mail and the IRS receives your tax return after that date, your return won’t be considered late. The same rule applies for e-filing your taxes. If you e-file your taxes, you must do so by April 15th as well.
When is the Tax Deadline if I’m Out of the Country?
Your tax filing deadline AND payment deadline, if you are out of country, is June 15, 2014. In other words, you will have an additional two months to file your taxes. Those eligible include:
- Those who live outside the United States and Puerto Rico and main place of work is outside the United States and Puerto Rico, or
- Those in military or naval service outside the United States and Puerto Rico (there is additional lenience for those in a combat zone, contingent operation, or who have been hospitalized).
If you qualify as being out of the country, you will still be eligible for the extension even if you are physically present in the United States. You must attach a statement to your return explaining which of the two situations qualify you for the extension.
Tax Extension Filing Deadline
If, for one reason or another, you are unable to file your tax return by the April 15 tax deadline, you can file for an IRS tax extension. Note that the extension must be postmarked by the April 15 deadline also.
Also, an extension of time to file is not an extension of time to pay.
How to File a Tax Extension
In order to file a tax extension, you will need to fill out IRS form 4868. Note that filing the extension does not get you off of the hook, you still need to pay any estimated taxes by the April 15 deadline. If you don’t you will owe interest and possibly a penalty on your taxes owed.
The tax extension will allow simply to push back the deadline for sending in your 1040, 1040A, 1040EZ, 1040NR, or 1040NR-EZ six months (4 months if you are out of the country). If you’re in country, the extended tax filing deadline is October 15, 2014.
When Can I Start Filing Taxes?
The government closure led to the IRS changing the original opening date from Jan. 21 to Jan. 31, 2014 to allow more time to update everything.
You can start working on your taxes sooner – however, software companies will hold your returns and cannot submit them to the IRS until January 31, 2014. Your return will not be processed prior to, and you won’t receive your refund until after your return is processed.
The IRS has cautioned that it will not process any tax returns before Jan. 31, so there is no advantage to filing on paper before the opening date.
I would strongly caution to not file a return sooner than January 31, because software companies will often update their software to take in to account any IRS changes.
After filing, you can always check your tax refund status to see where yours is at.
Tax Deadline, Extension, & Start Discussion
- When will you start preparing your taxes?
- Will you be filing a tax deadline extension this year?
- How are you preparing and filing your taxes this year?