In late 2024, the Internal Revenue Service (IRS) introduced Form 15620 to provide a standardized mechanism for taxpayers to make elections ...

Requesting a tax extension gives taxpayers more time to file their return, but not to pay what they owe According to the IRS, this extension runs until October 15, but payment must ...

But many filers think an extension also delays their payment due date, and misunderstanding how this or other IRS rules work ...