K. B. Daniel Company

Here are the May 2021 individual tax due dates:

If you have not yet filed your 2017 tax return and have a refund due, the refund will be forfeited if you do not file for it by the May 17, 2021 extended filing deadline. On the other hand, if you owe and have not filed, you are still liable for the amount due.

There are a lot of benefits available for those who can take advantage of the Section 1202 gain exclusion on the sale of QSB stock, but the requirements and eligibility criteria are intimidating and complicated. Learn more in today's blog post.

Wednesday Wisdom from your friends at K.B. Daniel & Company

What are the options for individuals who cannot pay their tax liability by the extended due date? The IRS offers a payment plan, payment can be made by credit card, a retirement plan could be tapped or perhaps the money borrowed from a friend or relative. They all have negative implications.

Some insider tax knowledge from K.B. Daniel & Company.

Here are the March 2021 Business due date reminders:

Most taxpayers think they have to itemize their deductions to claim them on their tax returns. However, that is not entirely true. There are certain deductions that can be claimed while still using the standard deduction.

Here are the March 2021 individual tax due dates:

The COVID-19 pandemic has continued to batter the economy, and one indicator of the struggle is the potential mortgage crisis: About 5 million Americans were unable to make their rent or mortgage payments in December 2020. Here's the latest info.