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.

Read More

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.

Read More

IRS Expands Extension Relief - Now Includes Q2 2020 Individual Estimates

Posted on Thu, Apr 09, 2020

On April 9, 2020, the IRS released Notice 2020-23, providing additional relief for taxpayers affected by the ongoing coronavirus disease 2019 pandemic.  The relief provided expands the application of and provides greater clarity about prior guidance about extended federal filing and payment due dates.

Read More

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.

Read More