So, you have really procrastinated on doing your tax return---you filed an extension and that deadline has come and gone. Now what?
Well, the next deadline facing you have is 11/26/22 at 11:59 PM Eastern. That is the date when the Modernized efile Operation (MeF) shuts down at the IRS to allow for system upgrades/updates for the coming tax year 2022 tax season. The MeF system provides electronic filing and payment options for filers of Corporation, Employment Tax, Estates and Trusts, Excise Tax, Exempt Organization, Individual, and Partnership Tax Returns.
After 11/26/22, you will not be able to electronically file your 2021 federal income tax return until sometime near the end of January 2023. And with the IRS behind in processing about 5 million paper-filed returns, sending your tax return in the mail isn't a much better option.
If you owe money, that two-month processing delay can really add up with penalties and interest.
When it comes to filing a federal tax return, better late than never is the golden rule. But don't wait---get it done if you are still procrastinating!
