Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
The IRS announced on today that they're postponing the deadline for all individual tax returns. Returns that were due April 15 are now due May 17. The IRS says it will issue formal guidance in the near future.
The postponement applies only to individual taxpayers, who can postpone their federal income tax returns and income tax payment due on April 15 until May 17, 2021.
It's important to note that individuals do not have to Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, to qualify for this postponement.
It's also important to note that your state tax return may still be due on April 15. Be sure to check your state rules and file accordingly. In the meantime, get with your CPA and specialty tax advisors to evaluate your tax situation and help find ways to reduce your tax liability legally. There are a lot of great tax savings opportunities for those who plan!
Accountant · Fort Lauderdale, FL · Member since 2013 · 1k+ posts · 753 votes
5y
2021 federal first quarter estimated taxes are still due April 15 absent further guidance. States may not conform to federal and continue to be due April 15th. Further, other federal tax forms such as fiduciary income tax returns and gift tax returns continue to be due April 15th absent further guidance.