Bridget S. Preston & Associates

The deadline to file your taxes has been extended until May 17. If you are expecting a refund this doesn’t mean you have to wait to file. Let’s go ahead and e-file today and with direct deposit you can quickly receive your refund without waiting on the mail.
If you are expecting to owe then you are still able to file your taxes while you have the opportunity to wait until the deadline to make your payments.

IRS Makes it Official: Tax Deadline Delayed to May 17, 2021 The Treasury Department and Internal Revenue Service have officially announced that the federal income tax filing due date for individuals will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance ...

Kicking off tax season in style! Be on the look out for your 2020 tax return organizer!!

IRS Changes 2021 Income Ranges for IRA Eligibility The income ranges for determining eligibility to make deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs and to claim the Saver’s Credit all increased for 2021.

The tax filing deadline is rapidly approaching! Contact our office today and we can review your options. Don’t let these approaching deadlines pass you by!

Tax Deadline Remains July 15; Taxpayers Can Get Automatic Extension to Oct. 15 The IRS has announced the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.

Believe it or not, the IRS will work with you on tax payments! Contact our office today and we can help you navigate your options!

What to Do if You Can't Pay Your Taxes Because of Coronavirus The survey also found that more than a third of taxpayers (37%) do not have the resources to pay 2019 taxes owed despite the deadline being extended to July 15th.

IRS Launches Website for Non Tax Filers to Register for Coronavirus Stimulus Payments To help millions of people, the Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return.

More tax filing deadlines have been delayed.

IRS Delays June 15 Payments, And More Tax Filing Deadlines for Trusts, Corporations, Nonprofits The IRS has expanded relief to additional returns, tax payments and other actions. As a result, the extensions generally now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020.

By early next week the IRS hopes to have more specific information available detailing how to go online to provide your information. If banking information is provided you could receive your Economic Impact Payment quickly via direct deposit.

Contact our office today and we can assist your small business in filing for the Coronavirus Emergency Loan.