Our Tax Talks on March 17 outlined the possibility of a tax deadline extension by the IRS. Certain postponements have been made, and Farm Credit East tax specialist Dario Arezzo covers some recent actions by the IRS and what it may mean for your tax filing requirements.
A group of bipartisan lawmakers from the House of Representatives recently wrote a letter to the IRS urging the April 15 tax deadline be extended due to the events surrounding the coronavirus. While no final decision has been made, Dario Arezzo explains how, amidst all the uncertainty, your Farm Credit East tax preparers are here to help.
Benjamin Franklin once said that the only certainties in life are death and taxes. According to Dario Arezzo, he should have added a third – tax compliance requirements! As the IRS prepares for the 2019 tax season, Dario discusses draft 2019 K-1s for a partnership.