Third Round of Stimulus Checks - $1400 per each person
Read our blog for more information and FAQs on this here
IRS extends tax filing deadline to May-17-2021
IRS has extended 2020 federal tax filing and payment deadline for individuals to May-17-2021. You do not need to file extension if you file by this date. The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds associated with e-filed returns are issued within 21 days.
This extension may not apply to state tax filing and payment deadline. Check with your state tax agencies for those details.
We suggest not to wait until extended date. If you have balance due you can file now and schedule tax payment by May-17 and if you have refund, you will receive the same faster.
IRS will resume efiling on Feb 12, 2021 (instead of Jan 27)
As per latest update IRS will start accepting efiing of Individual returns on Feb 12. In Dec 2020, it had announced that efiling will begin on Jan 27 but because of last minute tax law changes due to the second round of stimulus benefits, this date has now been extended to Feb 12. Read more here
Jan 15 is the due date to make final installment payment for 2020 taxes.
If you expect to have balance due on your 2020 tax return, you should consider making installment payment and the last date for final installment payment for 2020 is Jan 15-2020. Contact us today, if you need any assistance.