Category Archives: IRS

Not All Tax Returns Have Been Extended

Friday night, the IRS made it official regarding income tax returns due on April 15th; they are now due on July 15th. However, not all returns have been extended. First, while I expect most states to conform to this deadline … Continue reading

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Tax Day will be July 15th

Secretary of the Treasury Mnuchin tweeted this morning (literally two minutes after I finished the previous post): At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time … Continue reading

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Secretary Mnuchin: It’s Time to Extend the Tax Filing Deadline to July 15th

UPDATE: Two minutes after I finish this post Secretary Mnuchin announced that the tax deadline has been extended until July 15th. I don’t want the deadline extended just to have it extended; however, it’s a necessity given what almost all … Continue reading

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IRS Issues Official Guidance Extending Payments (but NOT Tax Filing Deadline) Until July 15th

The IRS issued Notice 2020-17 extending tax payments until July 15th for most individual and corporate taxpayers. The Department of the Treasury also issued a press release noting the deferment of payments. Again, the tax filing deadline has not been … Continue reading

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Tax Deadline NOT Being Extended; Payment Deadline Extended for Most by 90 Days

Secretary of the Treasury Mnuchin appeared at a press conference with President Trump. They stated that there will be a massive stimulus package. Additionally, Secretary Mnuchin stated that the tax deadline would not be extended because much filing can be … Continue reading

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Today *Is* the Partnership and S-Corp Filing Deadline

During a news conference last week President Trump stated something to the effect that he was ordering Secretary of the Treasury Mnuchin to extend tax filing deadlines. That has not happened as of the moment I’m writing this. Today is … Continue reading

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It’s Time to Start Your 2020 Mileage Log

I’m going to start the new year with a couple reposts of essential information. Yes, you do need to keep a mileage log: Last Thursday was the first business day of the new year for many. You may have resolved … Continue reading

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IRS Announces 2019 Tax Filings to Begin on January 27th

The IRS today announced that the 2019 tax filing season for individuals will begin on Monday, January 27th. Tax Returns and payments are due by Wednesday, April 15th (an extension to file is available until October 15th, but payment of … Continue reading

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2020 Standard Mileage Rates Released

Yesterday, the IRS announced the 2020 standard mileage rates. The rates are: 57.5 cents per mile for business use (down 0.5 cents per mile from 2019); 17 cents per mile for medical or moving use (down 3 cents per mile … Continue reading

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The 2019 Tax Offender of the Year

This year really went by fast, but unfortunately there’s no shortage of candidates for the Tax Offender of the Year award. As a reminder, to be considered for the Tax Offender of the Year award, the individual (or organization) must … Continue reading

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