YOU’VE GOT AN EXTRA 3 MONTHS TO FILE YOUR TAXES
If you haven’t filed your taxes yet, you’re in luck this year.
Federal and state income deadlines have been pushed back three months thanks to the coronavirus pandemic, meaning you have until Wednesday, July 15 to get all your W-2s, 1099s, receipts, interest statements and all the rest gathered, input and filed with the IRS.
Doug Crump with R&R Tax and Business Solutions said the new deadline has done nothing to slow down business, especially with all the new incentive and loan programs filers are looking to process.
The pushed-back deadline is a big help for people who wind up owing taxes, he said, giving them a few extra months to gather the cash.
“Most accounting offices are still open,” he said. “We do a drop-off service so we’re not sitting down with clients face-to-face, but it’s working very well for us.”
If his employees need to speak with a client, they just pick up the phone and call. Papers are signed remotely.
“You shouldn’t let quarantine prevent you from getting your refund processed or your tax return done,” he said.
Americans who are owed returns should go ahead and file to get that money in their wallets, said U.S. Treasury Secretary Steven Mnuchin.
And don’t forget, the IRS will never call you. If you pick up the phone and you’re told you owe money to the IRS and you should pay up, hang up the phone.