On March 17, 2021, the IRS announced that the 2020 income tax filing due date (including 2020 payments due) has been extended from April 15, 2021, to May 17, 2021. This applies only to individual federal filings and Form 1040. While the State of Illinois (including 2020 payments due) is also following the filing extension, it is unknown if other states will conform to this new deadline.
Submit your 2020 tax documents now to:
- Be prepared to meet the April 15, 2021 filing for other forms and in other states.
- Ensure our team is able to compile your return and maximize any potential opportunity.
- Process returns with refunds as soon as possible so the IRS can process payment.
There is no filing extension for:
- State tax payments or deposits for states that have not extended the 2020 filing deadline.
- Tax returns and payments for businesses, trusts, estates, gift taxes, and payroll taxes.
- Individual estimated tax payments for the first quarter of 2021 for both businesses and individuals.
- Any non-individual tax filings due April 15 (such as calendar C-Corporations or Trusts).
We will keep you informed on updates, but at this point, additional extensions are not expected. Taxpayers should proceed assuming the current dates are final. It is also important to know that payments due cannot be extended.
Take no chances and file your return today. We are here to manage your filing to ensure the best outcome. Contact us at (847) 256-3100 or via email at info@thehechtmangroup.com.