Some Californians who haven't yet paid their 2022 taxes have gotten scary letters from the IRS. Here's why the vast majority of us don't have to pay up until October.
, federal law generally requires the IRS to send you a “notice and demand” letter within 60 days of your income tax being assessed. And the moment the IRS processes your return, your tax is assessed.
That’s why the agency feels compelled to send the letters to people who’ve already filed their returns but have yet to pay what they owe, even though the demand is premature. Making matters worse, it stuck with the usual panic-inducing form letter for the sake of expediency, adding “a short paragraph on page 4 of the notice that essentially says never mind — ignore the 3 pages you just read,” the taxpayer advocate’s blog post said.
For Californians in Modoc and Shasta counties, the actual deadline is Aug. 15. For the rest of the state, except for Lassen County, the deadline is Oct. 16. The deadline applies not just to amounts due for 2022, but also estimated tax payments for the first two to three quarters of 2023. If you haven’t already marked your calendars, do so now — those are the correct dates. If you have a refund coming, however, you should file your return as soon as you can; otherwise, you’re giving the federal government an interest-free loan.
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