Didn’t get your taxes done on time? In some cases, you may not have to worry. There are certain situations that automatically qualify for a tax extension.
Three examples include:
Location.
Where you live and work can play a role in your tax deadline. A recent publication in Accounting Today discussed these extensions, noting that citizens who live and work outside of the United States often have an automatic extension. In these situations, taxes for the 2016 year are normally due on June 15, 2017.
Natural disasters.
Hurricanes, tornados and other naturally occurring events that result in the status of a natural disaster can also result in an extension on the tax deadline. The Internal Revenue Service (IRS) notes that these extensions can qualify for both individuals living in the impacted area as well as businesses that operate in these cities. News releases are available from the IRS that provides specific information for how each natural disaster of the tax year in question would impact filing dates. Generally, these extensions can provide an extra month or two to send in your taxes.
Military considerations.
Those who serve our country in active military combat zones are also granted an automatic extension. The last thing a service member needs to worry about while protecting our country is whether or not their taxes were filed in time. These soldiers receive a minimum of 180 days to file their taxes after they leave the combat zone.
These extensions can help provide some relief to those who are concerned that their tax filings are late. Those who are navigating tax issues, such as a contact from the IRS about a potential audit, should take the issue seriously.
Maybe you are accused of failing to property report income or not disclosing foreign assets. Whatever the issue, an experienced tax lawyer can help you navigate the problem and work to better ensure your interests are protected.
