2020 Tax Law Changes for Individual Returns
As the 2021 filing season rapidly approaches here is a reminder of the federal tax law changes that will affect individual 2020 returns.
Federal Extender Provisions still in effect for 2020
This is to remind everyone that the federal extender provisions will still be applicable for 2020 returns.
2021 PTIN Renewal is Now Underway
Tax return preparers may now renew their PTIN for 2021 by going to the PTIN page on the IRS website.
Updated Publication 1345 is Now Available
The IRS has posted an updated Publication 1345 (Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns) to their website.
ITIN Renewal
In the final year of the Individual Identification Number (ITIN) renewal program, more than 1 million taxpayers will have their ITINs expire at the end of this year.
Update on IRS Efforts to Fight Tax Identity Theft
Provided below is a summary of the IRS Security Summit’s 2020 security awareness campaign, as well as how to identify and report a business that is a victim of tax identity theft.
Reminder: Filing Deadline is July 15
This is a reminder that the federal filing deadline for 2019 individual returns is Wednesday, July 15, 2020.
Reminders of Filing Deadlines for 2019 Returns and 2020 2nd Estimated Payment
As the filing deadline approaches here are some reminders regarding when the filing deadline is and when the 2020 2nd estimated tax payment is due for IRS and States.
SECURE Act Retirement Account Changes
Included in the 2020 Appropriations legislation passed last December was the SECURE Act. Included in the SECURE Act were changes that will affect individual retirement accounts (IRA) beginning in 2020.
COVID-19 Tax Season 2021
The 2021 information we have regarding COVID-19 and its impacts on both Federal and State tax filings.