The Internal Revenue Service today reminded self-employed individuals, retirees, investors, businesses, corporations and others who pay their taxes quarterly that the payment for the first quarter of 2021 is due Thursday, April 15, 2021.
The extension to May 17, 2021 for individuals to file their 2020 federal income taxes does not apply to estimated tax payments. The 2021 Form 1040-ES, Estimated Tax for Individuals, can help taxpayers estimate their first quarterly tax payment.
Continue reading IRS reminds taxpayers to make April 15 estimated tax payment
The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
“This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” said IRS Commissioner Chuck Rettig. “Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to.”
Continue reading IRS Extend Filing And Payment Deadline – Tax Day For Individuals Extended To May 17
The mission of Trucking Moves America Forward (TMAF) is to establish a long-term industry-wide movement to create a positive image for the industry, to ensure that policymakers and the public understand the importance of the trucking industry to the nation’s economy, and to build the political and grassroots support necessary to strengthen and grow the industry in the future. Today the TMAF Co-Chairs on Texas Relief Efforts along with American Trucking Associations and Texas Trucking Association, let us join hands to strengthen the cause and be part of it.
Letter from ATA on Texas Relief Efforts
Continue reading Time for us to offer our Helping Hand Along with TMAF
Time for Quarterly Federal Excise Tax Form 720 reporting for the 4th Quarter of 2020. Make a choice this year to move towards Electronic Filing, easy way to handle tax reporting and pay taxes online. TaxExcise.com is the only website that support electronic filing for the Excise Tax Returns reported on IRS Tax Form 720. New Deadline is February 1, 2021 (Jan 31 falls on a weekend, so the next business day falls the automatic due date)
Continue reading Electronic Filing Is The Best Choice To Dealt With Your Quarterly Federal Excise Tax Returns
Happy New Year from ThinkTrade Inc, that owns and operates TaxExcise.com! For businesses across America, 2020 was one of the most challenging years in history. Hope 2021 would be an year of new hope and opportunities that can help you start, grow, expand, or recover your business.
Despite the coronavirus pandemic, business owners have been resilient, pivoting, and adapting their business models to navigate continually changing conditions. With the new year on the horizon, there are potential new opportunities to take advantage of and ways to adapt to the challenges. ThinkTrade Inc. is working through the tax software’s to help you cross the tax barriers to an extend. Let us collaborate and work towards a better 2021 for everyone of us.
Continue reading NEW YEAR NEW RESPONSIBILY – Federal Excise Tax Falls Due For 4th Quarter of 2020