Upcoming due dates and steps to take once your filing is complete

Before we discuss what to do after you file your return, it is important to note upcoming due dates for April 18, 2023.

• Form 1040: Individual tax return for tax year 2022
• As opposed to the traditional April 15 due date, this year’s individual tax due date is April 18, 2023.
• Form 4868: Individual tax return extension for tax year 2022
• If you choose to extend, the individual tax return extension is also due on this day but please note it is not an extension of tax payments due.
• Form 1040-ES: 1^st-quarter 2023 estimated tax payments
• If you are self-employed or have income that requires quarterly estimated taxes, your Form 1040-ES is due by this date.
• Form 1041: Income Return for Estates and Trusts
• If you are a fiduciary of an estate or trust, this form is due April 18, 2023.
• Form 7004: Estates and Trust Income Return Extension
• If you choose to extend your 1041, the extension must be filed by midnight of April 18, 2023.
• 2021 IRA Contributions: This day is also the last day to fund your retirement account for 2022 (if you contribute to a traditional IRA or a Roth IRA.)

Refund Status

The first thing you should do after filing is verify with the IRS that your return has been accepted. If you have electronically filed, you are usually able to view tax return information within 72 hours of filing. If you mailed a paper copy, it may take up to four weeks before you receive further information. Once you have verified that the IRS accepted your return and you are expecting a refund, you can begin to track the status of your refund.

The IRS provides access to the status of your refund through an online tool at irs.gov/refunds. All you need to do is go to the link and click on "Check My Refund Status" near the top of the page. You can provide your Social Security number, your filing status, and your exact refund amount to see the status of your refund.

Amended Returns

If you find yourself in a situation that requires an amendment to a prior return and the amended return results in a refund, the refund can still be collected if the amended return is filed within three years of the date you filed the original return. For example, say you filed a return April 15, 2020. You have until April 18, 2023 to amend and receive your refund. However, there are a few instances that allow for longer than three years to amend. For example, the statute of limitations on bad debts provides seven years' time from the due date of the return for the year that the debt became worthless.

Balance Payment

When filing a return with a balance due, the IRS accepts payment in a variety of forms. You can pay with a check or money order, a debit or credit card, a direct withdrawal from a checking or savings account, or set up an installment plan.

Tax Records

Once you are filed and your refund or payment is settled, your tax records should be kept for a minimum of three years from the date of filing, as the statute of limitations is three years after you file the return. However, the statute of limitations is six years for any taxpayer who, either purposefully or accidentally, files a return that reports their gross income 25% lower than actual. Although it is generally okay to discard tax records after three years, a copy of each year's tax return should be kept indefinitely. Unfiled returns and fraudulent returns are not protected from audit by the statute of limitations, so it is important to keep copies of your returns to prove to the IRS that you did in fact file if ever questioned.

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