If you are one of the millions of Americans that filed an extension for your 2024 tax returns that were due on April 15th, then you need to be aware of these 5 things.
1) Your tax extension affords you six months to file. Your new tax filing deadline is October 15, 2025.
2) This extension DOES NOT come with an extension to pay any taxes due.
3) The IRS will begin assessing fines and penalties on any taxes you owe as of April 16th, even if you file an extension.
4) The IRS DOES NOT offer any additional extensions.
5) If you are a business owner of an S-Corp or C-Corp, your tax filing extension is ONE MONTH SOONER on September 15, 2025.
Avoid costly fines and penalties and get your 2024 tax returns professionally prepared and filed with KVP Accounting!
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The big day may have come and gone, but keep in touch as we’re always up to something new and exciting.
We offer comprehensive bookkeeping services to keep your financial records organized and up-to-date.
We offer comprehensive payroll services, including processing payroll, managing employee benefits, and filing payroll taxes.
We offer full-service accounting services including account reconciliations, monthly book closing, preparing financial reports, financial report analysis, and preparing your books for tax filing.
We offer advisory services to add value to your business by working with you to evaluate your business's strengths and weaknesses.
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