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Hello All!

We hope this finds you well & staying safe! As the 2020 Federal/NC Tax Filing & Payment Deadline has been moved back to 5/17/21, any quarterly 2021 tax year estimated payments are still due on 4/15/21. Unfortunately, the tax year after a pandemic is quite unpredictable and has been a challenge for us all. We received an extremely high/unlikely quantity of client tax files that have hindered our normal procedures as such listed in the Annual Tax Organizer. 

*NOTE: If you are concerned you will have to pay in estimated taxes, we suggest you pay in a similar amount you paid in last tax year for each. As the post office has been delayed, I would advise you to pay the estimated tax payments online to save time and “postal processing” delays, just to be on the safe side. Any estimated tax payments should be noted & shared with our office to include on your 2020 Tax Returns during preparation. If you overpaid, then you will receive the monies back as a refund. 

You may follow the links below to make any 2021 Estimated Tax Payments online:

Federal:     https://www.irs.gov/payments/direct-pay

NC:           https://www.ncdor.gov/file-pay/individual-estimated-income-tax-form-nc-40

Thank you for your patience and understanding! We will be in touch with any questions or concerns until completion. 😊

We greatly appreciate your patience and understanding as we are all still recovering from 2020! 

 

Below, please find daily updates pertaining to the latest in financial, business, and tax news:

Taxpayer Advocate Service Feed

TAS Tax Tips: First round of Advance Child Tax Credit letters go to potentially eligible taxpayers: payments start July 15

Thu, Jun 17, 2021

The post TAS Tax Tips: First round of Advance Child Tax Credit letters go to potentially eligible taxpayers: payments start July 15 appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Get Sharable IRS Tax Updates and More Through the New IRS Outreach Connection center

Mon, Jun 14, 2021

The post TAS Tax Tips: Get Sharable IRS Tax Updates and More Through the New IRS Outreach Connection center appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: The IRS begins adjusting tax returns for unemployment compensation exclusion

Wed, Jun 09, 2021

The post TAS Tax Tips: The IRS begins adjusting tax returns for unemployment compensation exclusion appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Why Do I Owe a Penalty and Interest and What Can I Do About It?

Mon, Jun 07, 2021

The post TAS Tax Tips: Why Do I Owe a Penalty and Interest and What Can I Do About It? appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: How do I find my refund information?

Tue, Jun 01, 2021

The post TAS Tax Tips: How do I find my refund information? appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Economic Impact Payments for 2021 are being issued

Mon, May 24, 2021

The post TAS Tax Tips: Economic Impact Payments for 2021 are being issued appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: IRS updates Allowable Living Expense standards for 2021

Wed, May 19, 2021

The post TAS Tax Tips: IRS updates Allowable Living Expense standards for 2021 appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Need options for when you owe federal taxes, but can’t pay in full?

Tue, May 18, 2021

The post TAS Tax Tips: Need options for when you owe federal taxes, but can’t pay in full? appeared first on Taxpayer Advocate Service. ...

NTA Blog: Lifecycle of a Tax Return

Tue, May 18, 2021

The post NTA Blog: Lifecycle of a Tax Return appeared first on Taxpayer Advocate Service. ...

TAS Tax Tips: Taxpayers with an excess advance Premium Tax Credit are not required to report or repay in 2020

Thu, May 13, 2021

The post TAS Tax Tips: Taxpayers with an excess advance Premium Tax Credit are not required to report or repay in 2020 appeared first on Taxpayer Advocate Service. ...