If your 2020 individual (1040) and C Corp. (1120) tax filings are on extension, please reach out to us NOW so we can finalize by October 15th! Individual Tax Returns Tax Filing Deadline for Extensions is October 15th Individual (1040) tax returns and payments were due May 17th. However, if your personal filings are on […]
Category: Blog
Request Extension Now – Individual Tax Filing Deadline is May 17th
If your 2020 personal tax filings will not be finalized by May 17th, now is the time to request an extension of time to file until October 15th. We must get your signed extension authorization by Saturday, May 15th. Please contact Roxana@taxplus.com (Los Angeles) or Rita@taxplus.com (San Diego) for any extension requests. Please fill in […]
Individual Tax Filing Deadline Extended to May 17th 2021
All individual taxpayers with April 15th deadlines automatically have additional time, until May 17th to file 2020 IRS and CA FTB filings and make payments without interest or penalties. 2021 Tax Updates: The IRS announced that it is moving the April 15th, 2021, filing deadline to May 17th, 2021, for individual taxpayers (including Schedule C […]
S Corporations & LLCs taxed as S-Corp. (1120S) & Partnerships (1065) Due 3/15/21
S Corporations & LLCs taxed as S-Corp. (1120S) & Partnerships (1065) File by March 15th or Request Extension! Dear Client, Happy March! Amid the pandemic distractions, the March 15th tax filing deadline for S-Corp.s and Partnerships is approaching quickly. Let’s finalize your filings if possible. Otherwise, call or e-mail us to request an extension […]
City of L.A. Business Tax Renewal 2/28/21 Deadline
This is your final reminder that you must comply with the City of Los Angeles, Office of Finance annual Business Registration (Business Tax Renewal) by 02/28/21 if you are doing business in Los Angeles as: Independent contractor, self-employed, freelancer, sole proprietor, small business owner, partnership, fictitious business name (dba), loan-out co., LLC, C-Corp. or S-Corp. […]
Changes To California Health Insurance In 2020 & 2021
There were 4 major changes to California health insurance in 2020 & 2021. Here’s what you need to know: You are now required to have health insurance in California under a state mandate even though the federal mandate was lifted in 2019. You will be assessed a California state insurance tax penalty in 2020 and […]
Year-End Tax Planning Opportunity: Conference Period Ends 12/18/20
We sincerely hope that you enjoy the holidays to provide closure for this particularly challenging year. We look forward to a great 2021! Start Tax Planning Now We have a couple of weeks to project your 2020 tax results and make last-minute tax-saving recommendations. Whether you simply wish to anticipate the outcome of this year’s filings to prepare […]
Last Chance For 2020 Entity Formation: Set Up an LLC or Corp. for 2020 by November 30th
If you are starting a business, an LLC taxed as S-Corp. offers many advantages, including personal liability protection, reduced self-employment taxes, and possibly even reduced audit risk. A C-Corp. with the new lower corporate tax rates can also make sense in some cases. We can help you make the business entity decision and we can set up […]
September 15th Final Deadline: S Corporations and Partnerships
S Corporation and Partnership Tax Filing Deadline for Extension is September 15th S corporation (Form 1120S) and partnership (Form 1065) tax returns for entities who use the calendar tax year were due March 15th. The extension to file gives you 6 months extra time to file until the September 15th deadline. There are no […]
July 15th Tax Day Coming Up
All taxpayers and businesses automatically had additional time to file 2019 IRS and CA FTB filings and make payments without interest or penalties. Now, that deadline is quickly approaching. SBA Payment Protection Program (PPP) applications end 06/30/20. SBA Economic Injury Disaster Loan (EIDL) applications have reopened. Individual Tax Returns Tax Filing Deadline is July 15th Individual (1040) tax returns and payments are due July 15th. Please contact Roxana@taxplus.com to request an […]
