Tax Day is now July 15, 2020
Currently our offices are still open for business. We are encouraging our clients to please fax or email your documents along with our client form. If this is not an option you may still drop off your documents. We are scheduling phone appointments only.
At Best Return Bookkeeping nothing is more important to us than the health and well-being of our customers, employees and the communities in which we live and work. During this time of uncertainty we encourage you to make every effort to stay as protected as possible. Rest assured we are here to help, and we are equipped to continue offering all of our services without interruptions. The IRS is continuing to process tax returns, issue refunds and help taxpayers to the greatest extent possible. We want to thank you for being loyal clients and for your continuous support. We are privileged to serve you and our community and look forward to seeing you soon.
Tax payment deadline extended: The deadline to make tax payments was also pushed back to July 15, 2020. That means if you have a tax bill this season and need extra time to pay it, your wish was granted. All individual and non-corporate tax filers can hold off on submitting those payments (up to $1 million for tax year 2019) until July 15 without accruing penalties and interest. This deferment also applies to estimated tax payments originally due on April 15 for tax year 2020.
Note: Currently, the IRS does not allow direct withdrawals after April 15. That’s why you cannot schedule a payment after that date within the TaxAct product at this time. The agency is working to adjust that restriction, and we will update the product when that change is complete. In the meantime, you can pay your tax bill by choosing to submit a payment voucher, mailing a check, or using a credit card.
No extra forms needed: You do not need to file a tax extension to take advantage of the new deadline. The IRS will automatically waive all interest and penalties.
Note: If you need additional time beyond July 15 to file your return, you need to file an extension.
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