Taxes and COVID19
by Mountain Computers Inc., Publication Date: Friday, March 20, 2020
View Count: 321, Keywords: Taxes, COVID19, Hashtags: #Taxes #COVID19
With COVID19 virus, taxes still need to be done. The cutoff for business and personal was pushed back to July yet we still did our extensions 7004 for business on 3/10/2020. You need to make sure you do the right thing even if the world is upside down right now.
Just finish your taxes and get them files and reported. Even if you don't owe anything.
Like I said always before, an extension for both personal and business is fine. Just remember your deadlines, 1099s before end of January, corporate and business taxes on calendar year reporting is mid March, and personal taxes by mid April.
more to come...
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