Filing one’s tax return on time can sometimes come with challenges. Delays in getting the proper documentation and other incidents can lead to delays in completing one’s Illinois income tax return. For those who are facing delays, there are options in filing for an extension which can avoid penalties that can come with filing a late income tax return. Extensions may be granted for both federal and state income tax returns.
Getting an extension
Most residents who are required to file an income tax return are aware of the April 15th deadline. While one may do everything possible to have one’s income tax return ready to file before the deadline, sometimes issues arise that can lead to delays. If someone realizes that they will not be able to file the return by the deadline, the state can issue an extension. The extension period is six months from the original deadline.
If someone is granted a federal extension longer than six months, that will also apply to one’s state income tax return. It’s important to know that an extension does not mean that one doesn’t have to pay owed taxes by the original deadline. There is a form that must be filed when one has an extension for filing their income tax but will still owe taxes to the state.
Seek advice from a professional
When facing tax issues related to late filings or other concerns, it’s beneficial to work with a professional who understands Illinois tax laws. Legal issues associated with taxes can be complex, especially when not dealt with promptly. By working with an attorney, one can be sure their tax problems are taken care of as quickly as possible.
