The IRS announced yesterday that the deadline to file federal individual tax returns (or extensions) and pay the associated liability had been pushed from April 15 to May 17, 2021. While this may be good news for individuals still looking to file their tax returns, the deadline for filing corporate or trust returns remains the same. The timing of estimated tax payments for the first quarter of 2021 also remains unchanged.
There is some concern that states will be slow or reluctant to conform to these deadline modifications, so PYA will continue to monitor and advise as the situation develops.
Learn more here.
If you would like to speak with a tax professional about filing this year’s return, or if you would like assistance with any matter involving tax planning and strategy or business advisory, contact a PYA executive below at (800) 270-9629.