timely filing
Definition
The submission of income tax returns within the time period specified by the IRS. Returns not submitted on time can result in penalty and interest charges on taxes owed. A timely filing would include returns that received a filing extension and were submitted before the expiration of the extended date.
Use timely filing in a sentence
“ You should do your best to make a timely filing that will allow you to get in when it is the right time to do so. ”
“ We prided ourselves on a timely filing come tax season, and this year would be no exception to that trend, thankfully. ”
“ The IRS requires individuals to complete their timely filing by April 15th for the year that had just ended in December. ”
