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Navigating April 15 Tax Deadlines in Saint Charles

With the April 15, 2026, deadline approaching, taxpayers in Saint Charles must act quickly to finalize their 2025 federal returns or request an automatic extension. Drawing on 40 years of financial expertise, Steve Shapiro, EA CTRC, wants to ensure you avoid unnecessary penalties.

More Than Just a Filing Deadline

April 15 triggers several other crucial tax obligations beyond simply submitting your return:

  • 2025 Balance-Due Payments: Filing an extension gives you more time to submit paperwork, but it is not an extension to pay. If you anticipate owing the IRS, you must estimate and submit that payment by April 15 to avoid late-payment penalties and interest. In my tax resolution practice, I frequently see how quickly these penalties compound.
  • 2025 IRA Contributions: This is your final opportunity to fund a traditional or Roth IRA for the 2025 tax year, even if you file a tax extension.
  • 2022 Refund Claims: The three-year statute of limitations for 2022 tax refunds expires on April 15. No refunds will be issued for 2022 returns filed after this date.
Accounting desk with calculator

Extensions, FBARs, and Estimated Payments

  • Filing Extensions: Submitting Form 4868 shifts your filing deadline to October 15. Accurate estimation and timely payment of any expected tax bill remain essential to minimize additional charges.
  • FBAR Requirements: If you held $10,000 or more in foreign accounts during 2025, your FBAR is due April 15. An automatic extension to October 15 applies if missed, but timely compliance prevents severe penalties.
  • 2026 Estimated Taxes: Self-employed individuals must make their first 2026 estimated payment by April 15. This amount relies on 2025 tax data, making current calculations vital.

Missing Information or Unable to Pay?

If missing documents are holding up your return, provide them immediately. Last-minute submissions risk delays. If you cannot gather everything, inform our Saint Charles office so we can prepare an extension and your 2026 estimated tax vouchers.

If your return is complete but you cannot cover the tax liability, do not ignore the bill. With extensive tax resolution experience, we can secure viable payment options with the IRS. Please contact Steve Shapiro, EA CTRC, today to schedule an appointment or address any IRS issues.

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