TMCnet News
MEDIA ALERT - Taxpayers who require more time, despite the extended 2021 tax filing & payment deadline, have a tax filing extension still availableWolters Kluwer Tax & Accounting: What: The Internal Revenue Service (IRS) has extended the tax filing and payment deadline for 2020 individual tax returns to May 17, 2021 versus the original April 15 date. This year's deadline extension is not as long as the IRS extension for 2019 tax returns filed last year and shorter than many tax return preparers were hoping would be enacted. Filing for an automatic tax filing extension is an increasingly popular option for taxpayers and tax return preparers who need a little more time. Why: With all the changes to tax regulations brought by the COVID-19 pandemic relief legislation, many taxpayers may find that they need a little extra time to collect all of the necessary tax documents and information. And, with the tax filing season starting later this year on February 12, 2021 as well as additional complications in preparing tax returns from the COVID-19-related tax changes, tax return preparers may find that their workload requires some taxpayers to request a filing extension.
PLEASE NOTE: These materials are designed to provide accurate and authoritative information in regard to the subject matter covered. The information is provided with the understanding that Wolters Kluwer Tax & Accounting is not engaged in rendering legal, accounting, or other professional service. Contact: To arrange an interview with Mark Luscombe or other federal and state tax experts from Wolters Kluwer Tax & Accounting on this or any other tax-related topics, please contact Bart Lipinski (News - Alert).
View source version on businesswire.com: https://www.businesswire.com/news/home/20210415005324/en/ |