Individual Taxes & Business Taxes
Who does this effect?
Individuals, Sole proprietors, Partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.
Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.
What are the details?
Estimated Taxes payments are Due April 15th, 2021
When was this announced?
There was no formal announcement by the IRS, because there have been no changes regarding tax deposits for 1st quarter 2021. This is only a reminder.
Where can I find this information?
Why was this decision made?
The IRS has not stated a reason as to why there have been no extensions given for tax deposits for 2021.
If you need your Individual or Business taxes prepared, then please make an appointment with us as soon as possible. We can't wait to work with you!
***This Blog is not Financial or Legal advice, it is for informational purposes only. SDCM Tax Service.com is not responsible for any decisions you make after reading our blog***