Newburg Staff Writers-March 2, 2021 (4:00 PM)
The tax filing deadline for Individuals, C Corporations, and most Trusts is quickly approaching.
Please note that Newburg | CPA is working expediently on the returns for those clients who have already provided the materials to complete the preparation of their tax returns. If you have not submitted your information, please forward it to us as soon as possible.
We will work towards the completion of returns by the deadline for those who are able to get us their complete tax materials by Thursday, March 25th. If you are unable to get us your complete tax materials by Thursday, March 25th, you should expect to have your returns put on extension.
We appreciate your attention to this above mentioned receipt deadline as we need time to work out the multiple Act changes of 2020 and the IRS software recoding.
For individual taxpayers, please note that an extension of time to file a tax return is NOT an extension of time to pay the tax due with the return. Failure to pay in the appropriate tax with the extension could result in penalties and related interest due to the respective taxing authorities.
For Individuals and C Corporations, an extension moves the filing due date to October 15th. For most Trusts, it will extend the filing due date to October 1st.
Please contact us should you have any questions related to the timing of your 2020 tax returns.