Tax Services

Pasta with peas and pancetta. Print recipe: https://www.sipandfeast.com/shells-pancetta-peas/

October 15 is fast approaching. That's the last day to file for most people who requested an extension for their 2020 tax return. These taxpayers can file any time on or before Friday, October 15 if they have all their required tax-related documents. They should also pay part or all their taxes since amounts owed after May 17 this year could be subject to penalties and interest.

Here are tips extension filers should remember.

Use IRS Free File. Nearly everyone can e-file their tax return for free through IRS Free File. The program is available on IRS.gov through October 15. E-filing is easy, safe and the most accurate way for people to file their taxes. Filing electronically can also help taxpayers determine their earned income tax credit, child and dependent care credit, and recovery rebate credit. If someone is eligible for a recovery rebate credit – and either didn't receive Economic Impact Payments or received less than the full amounts – they must file a 2020 tax return to claim the credit even if they don't usually file.

File to get a refund. Anyone due a refund should file as soon as possible and use direct deposit to get their tax refund electronically deposited for free into their financial account. . There is no penalty for filing a late return for people who are due a refund.

Pay tax balance as soon as possible. The deadline to pay 2020 income taxes was May 17, 2021. Taxpayers can check their account balance or view payment options They can pay taxes online for free from a checking or savings account with Direct Pay. Those who owe taxes and can't pay their balance in full should pay as much as they can to reduce interest and penalties for late payment. This IRS has options for people who can’t pay their taxes, including applying for a payment plan on IRS.gov.

File by the deadline to avoid penalties. Taxpayers should file by Friday, October 15, 2021 to avoid a failure-to-file penalty.

What taxpayers should do about a missed deadline. Anyone who did not request an extension by this year's May 17 deadline should file and pay as soon as possible. This will stop additional interest and penalties from adding up.

Different deadlines for some members of the military. Special deadline exceptions may apply for certain military service members and eligible support personnel in combat zones. MilTax online tax software is available to service members and their families, regardless of income, and is offered through the Department of Defense.

Corporation tax


New York S corporation returns are due September 15, 2021, for calendar-year filers who requested extensions. If you need to file:
access your Account Summary first to determine your balance of estimated tax payments, extension payments, and payments carried forward from a previous tax year; and
visit S corporations–tax years beginning on or after January 1, 2015 for more S corporation information.

Need to make estimated corporation tax payments? Use your Business Online Services account to e-file, Form CT-400, Estimated Tax for Corporations, and pay electronically.

Sales tax

Sales tax returns for monthly and quarterly filers are due September 20, 2021. Use your Business Online Services account to Web File any and all sales tax forms and schedules.


Key online services and features

Access your Account Summary to view detailed filing and payment history. Account Summary for businesses provides filing and payment history for corporation tax, sales tax, and withholding tax.
Sign up for electronic communications within your Online Services account. Once signed up, you'll receive most department notices electronically.
Update your business address or phone number, responsible persons (sales tax only), or other business information, using our Business Tax Account Update (DTF-95) application.
If you only need to update your business address, use our Business Change of Address application.
If you only need to update your sales tax responsible persons, use our Manage Sales Tax Responsible Persons application.

Create a Business Online Services account


If you don’t already have a Business Online Services account, you can create one at any time. You will need:
your taxpayer identification number; and
one of the following:
any corporation, sales, and withholding tax return filed within the last 12 months; or
your five-digit PIN from the Tax Department; or
confirmation that your business has not filed any New York State business tax returns.

Tax deadline July 15th

If your client has at least $10,000 in past-due tax liabilities, the Tax Department is permitted by law to recommend the suspension of their New York State driver's license.

Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.

As amended by the Act, § 274 generally disallows a deduction for expenses with respect to entertainment, amusement, or recreation. However, the Act does not specifically address the deductibility of expenses for business meals.

It is recommended that taxpayers use the Withholding Calculator to do a “Paycheck Checkup” as soon as possible. This will help taxpayers check that they are having the correct amount of income tax withheld from their paychecks. Visit the irs.gov website.

Internal Revenue Service | An official website of the United States government The Internal Revenue Service is the nation's tax collection agency and administers the Internal Revenue Code enacted by Congress.

With an updated tax reform section and frequent updates, the IRS website should be the first stop for taxpayers looking for information about how tax reform legislation – the Tax Cuts and Jobs Act – affects their taxes.

Dear Friends,

This year I am involved with a Walk for Autism for a dear neighbor whose grandson has Autism. We are trying to raise money on behalf of Anthony’s Team. For those that donate I will afford a 10% discount on this years tax fees. The attached link will bring you to an information and donation page on the walk. Be a part of Anthony’s Team. I thank you in advance. Your donation is greatly appreciated.

act.autismspeaks.org

Sit back and relax. Let me handle your taxes...