The IRS has announced that the federal tax filing deadline will be extended this year from Thursday, April 15 to Monday, May 17, 2021. New legislation that passed recently, which provides economic, tax and other relief from the pandemic, has created a complex tax filing season for individuals, businesses and tax preparers, leading to the extended deadline.
The extension does not impact all tax deadlines, however. First-quarter estimated tax payments are still due April 15. Deadlines for state tax returns are also not affected, and taxpayers should plan to meet the deadline(s) set by each jurisdiction in which they have an obligation.
The IRS anticipates releasing more guidance in the coming days. Councilor, Buchanan & Mitchell, P.C. will monitor the situation and keep you current with further updates.
Please contact CBM Tax Practice Director Richard Morris via our online contact form with any questions.