The Countdown Is On
The tax extension deadline is quickly approaching and for taxpayers that filed an extension, this is your last date to file. This year has been full of unprecedented events and has been a year to remember for sure. With the November 2020 election around the corner and changes coming to all business owners, this may be the last time to maximize on the tax percentages that are current.
The original tax deadline for payment for 2019 taxes was April 15, 2020. Due to COVID-19, it was postponed to July 15, 2020, and later extended to October 15, 2020. This is the last extension date for all business owners to pay their taxes.
This past year has brought a lot of hardships to many people and business owners. The IRS has urged those who have faced hardships, to contact the IRS, as there are many options to go about paying for taxes that need to be paid for 2019. For taxpayers filing for the Form 1040 series, they have needed to filed Form 4868 by July 15, 2020, for an automatic extension to October 15, 2020.
The IRS has urged taxpayers to pay whatever they can afford as it is an understood statement that the year of 2020 has seen major losses. MBA Financial & Accounting Solutions can help prepare your taxes and get you through this difficult time for all taxpayers.
MBA Financial & Accounting Solutions consists of certified QuickBooks professionals that can cater to your business tax needs. Our primary focus has been in tax preparation and bookkeeping. We are here to help you in important tax filings for your business. Contact us today as the deadline is quickly approaching and you can easily file what you need to file