ABILENE, TX – BBB of Abilene and the Big Country Tip: IRS extended Tax Day, but early filing is often better
The Internal Revenue Service (IRS) extended Tax Day for individuals to May 17, 2021, including individuals who pay self-employment tax (https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline). In addition, the IRS announced that victims of Texas’ winter storm have until June 15, 2021 to file individual and business tax returns (https://www.irs.gov/newsroom/victims-of-texas-winter-storms-get-deadline-extensions-and-other-tax-relief). Filing electronically with direct deposit is the quickest way to get refunds and it can help taxpayers receive any remaining stimulus payments more quickly.
According to John Riggins, President and CEO of the Better Business Bureau of Abilene and the Big Country: “The best way to avoid tax identity theft is to keep your information secure and file your taxes as early as possible, before a scammer has the chance to use your information to file a fake return. Only deal with trustworthy tax preparation services. Not all tax preparers have the same level of experience and training” (https://www.bbb.org/article/news-releases/21492-bbb-tip-how-to-choose-a-tax-preparer). Also, remember: “The IRS does not initiate contact with taxpayers by email or text message. Make sure you are dealing with the real IRS when filing or inquiring. If you are the victim of tax identity theft in the U.S., contact the IRS at 800-908-4490. The Federal Trade Commission, also, offers a personalized identity theft recovery plan at identitytheft.gov.”
