News & Articles

IRS Extends the Tax Filing and Paying Deadline for Individuals

Posted on Fri, Mar 19, 2021

The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021.

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Tags: Individual Taxes, IRS, Tax Deadline

COVID-19 Tax Relief: Roundup of Postponed Federal Tax Deadlines

Posted on Wed, Jun 24, 2020

As a COVID-19 relief measure, the IRS has postponed many of the usual federal tax filing and payment deadlines, along with the deadlines for taking certain other tax-related actions. Generally, deadlines for federal income tax return filing and payments that would otherwise fall on or after April 1 and before July 15 have been postponed to July 15. The postponement applies to certain other deadlines as well. This relief, while welcome, has created confusion. Here's what individuals and business owners should know to manage their tax calendars through July 15.

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Tags: CPA Firm, Tax Deadline, COVID-19, Paycheck Protection Program

Deadline Coming Up to Report Foreign Account Holdings

Posted on Mon, May 20, 2013

The IRS is continuing its efforts to find taxpayers who don't report accounts they hold in foreign financial institutions. The deadline for filing an IRS form (if you meet certain requirements) is coming up on June 30, 2013. Failing to comply can result in penalties under the Bank Secrecy Act. Here are the details, along with a new IRS announcement that the U.S. is now sharing tax information with Australia and the U.K. to help fight offshore tax evasion.

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Tags: Foreign Account Holdings, Bank Secrecy Act, Law, business consulting, Articles, Echelbarger, EHTC, Tax Deadline