Client Newletter Updates
Below are copies of our most recent client newsletter updates that we mail to our clients. If you are not getting our newsletter, please make sure you subscribe below to get all of the latest news and accounting updates from Karen Collom, CPA.
IRS Extends Tax Season
Email Date: March 19, 2021
The IRS and the Treasury department announced today that the federal income 2020 tax filing due date for individuals will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
For Texas and Oklahoma residents, the filing deadline remains June 15, 2021.
Texas Emergency Tax Filing Extension
Email Date: Feb 26, 2021
Because a State of Emergency was declared in Texas and it was accepted by the President, Texas businesses and individual taxpayers have been given an automatic extension for filing 2020 tax returns and related tax payments to June 15, 2021.