The IRS extended the tax filing deadline for 2020 from April 15th to May 15th. The question that we are getting from business owners, retirees, and individuals taxpayer are:
1) Are my 1st Quarter Estimated Tax Payments Due On 4/15 or 5/15?
2) When is the deadline for making IRA contributions for 2020?
3) When is my 2020 tax liability due: April 15th or May 15th?
4) How are the $10,200 in tax free unemployment benefits begin handled? Do you have to amend your 2020 tax return?
YouTube Video on $10,200 Tax Free Unemployment Benefits: https://youtu.be/00X82r_iUGA