Tax No Tuesday Episode 30: Risk of Missing October 15 Deadline

October 15 is the tax filing deadline for people who filed an extension. On this 2-minute episode we will go over the risk of failing to submit your return.

- If you miss the October 15 extended deadline and owe the IRS money. the IRS will compile a substitute return for you and then notify you about how much taxes you owe to the federal government.

- Once the IRS compiles and notifies you about the substitute return, it will begin collectionactivity against you.

But don’t worry, the proposed tax is not final. WYCOTAX can still help & reduce by applying possible credits & deductions. WYCOTAX is here to beat the deadline!

For every IRS regulation there are limitations. Thank you for watching.

Tune in every Tuesday for more tips!