Lot’s has changed due to the coronavirus pandemic, especially tax season. So, what do you need to
know? Here is everything should know about taxes during these times:
- Although the federal tax deadline was moved to July 15 th , this does not mean you have more time to procrastinate with your taxes. If you are expecting a refund, it is better to file sooner than later to.
- This events do not seem likely to affect your refund. IRS Commissioner Chuck Rettig said, “Although we are curtailing some operations during this period, the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds.” However, if you are still concerned about effects, you should get moving with your taxes.
- Follow the American Institute of Certified Public Accountants website to see the tax deadline changes for all states. https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf
- Tax preparers are still diligently working with their clients during these times and can take care of your taxes for you. If you need help with your taxes, we can help you!
Article Source: https://money.com/coronavirus-tax-tips-deadline/