Friday, January 14, 2011

EMANCIPATION DAY

Taxpayers will have until Monday, April 18 to file their 2010 tax returns and pay any tax due because Emancipation Day, a holiday observed in the District of Columbia, falls this year on Friday, April 15. By law, District of Columbia holidays impact tax deadlines in the same way that federal holidays do; therefore, all taxpayers will have three extra days to file this year. Taxpayers requesting an extension will have until Oct. 17 to file their 2010 tax returns.

Of course farmers file by March 1st to avoid the penatly for not making estimated tax payments.

The IRS expects to receive more than 140 million individual tax returns this year, with most of those being filed by the April 18 deadline.