Tax Warrior Chronicles

2021 Individual Tax Deadline Extension – Déjà Vu All Over Again

Posted on Tue, Mar 23, 2021

By:  Drucker & Scaccetti

 

On March 17, 2021, the Treasury Department and the IRS announced the 2020 individual federal income tax filing due date will be automatically extended from April 15, 2021, to May 17, 2021. Since then, over 25 states and localities have announced similar extensions. The Tax Warriors have been patiently waiting for the additional guidance promised by the IRS, however, here we are 6 days later, with no such guidance. Today we will discuss what we know about the extensions, how they compare to last year, what is not extended (hint – Q1 2021 estimates are still due April 15) and several questions that remain.

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Emergency Tax Relief for Californians and Iowans

Posted on Fri, Aug 28, 2020

As Iowans recover from the recent derecho storm and the wildfires continue to burn in California, there is tax-related help for those who may be affected. From extending deadlines to tips for preparing for a natural disaster headed your way, The IRS has recently made several announcements to assist impacted taxpayers.

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Update on Federal and State Tax Deadlines

Posted on Wed, Mar 25, 2020

UPDATED April 1, 2020

 

As of April 1, 2020, many states have released guidance to extend their tax filing or payment deadlines to align with IRS Notice 2020-18 or to provide their own extended filing or payment dates, while others are still slow to take action.  Additionally, on March 24, 2020, the IRS has also released information addressing Frequently Asked Questions (FAQs) and on March 27, 2020 the IRS issued Notice 2020-20.  Today’s blog will update you on the most current information available regarding federal, state and select local tax filing and payment deadlines.

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IRS Provides Expanded Relief for All Taxpayers with April 15 Deadlines

Posted on Fri, Mar 20, 2020

Late in the evening on Friday, March 20, 2020, the Treasury Department and the IRS issued Notice 2020-18, restating and expanding relief provided in Notice 2020-17.  Read on for the details of the expanded relief.

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Coronavirus Relief Package Likely to Extend April 15th Tax Return Filing and Payment Deadline

Posted on Wed, Mar 11, 2020

The White House and law makers met Wednesday March 11, 2020, to hash out emergency legislation to provide economic relief related to the coronavirus pandemic.  There is a planned vote on Thursday March 12, 2020, with hopes that President Trump will sign the legislation into law by Friday March 13, 2020.  It is expected that this legislation and related executive orders will include an extension of time to file and pay taxes normally due on or before April 15, 2020, for many taxpayers.

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