360 CPA Solutions
712 N. Main St.
Newcastle, OK 73065
Tax Day for individuals has been extended to: May 17, 2021.
The IRS announced on March 17, 2021 that they would be extending the due date of 2020 Tax Returns for individuals from April 15, 2021 to May 17, 2021. Individual taxpayers can also postpone federal income tax payments for the 2020 tax year from April 15, 2021 to May 17, 2021. Individual taxpayers will automatically avoid interest and penalties on taxes that are paid by May 17, 2021.
Anyone who will need additional time may request the filing of an extension until October 15, 2021. This extension allows for extra time on the preparation of the return, but not extra time if any money is owed.
The IRS is still urging taxpayers to file as soon as possible, especially if you are predicting a refund. Most tax refunds that are being e-filed are issued within 21 days.
More information can be found here.
If any of our clients have any questions, please don’t hesitate to reach out to us at our office number: (405) 381-6012.