Corporations should know that the tax season is here and the deadline to file for a business income tax extension application is just a week away. Corporate taxpayers or the CPAs should file their business income tax extension on behalf of their corporations on or before April 18th, 2022, to get the additional time to submit the tax reports to the IRS.
IRS will charge heavy penalties, late fees, and interests if you missed the deadline and did not file for a business tax extension. So, it is essential for the corporates to never miss out on deadlines. If you cannot submit the tax reports to the IRS within the deadline, you should immediately apply for a business income tax extension before the deadline.