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The IRS postponed the 2020 individual tax filing and payment deadline from April 15 to May 17, 2021. For Texas, Oklahoma, and Louisiana residents, the deadlines are June 15, 2021. (See our blog post for details.) A 2021 Section 475 election was due by the above-postponed deadlines. As a result, many traders filed for an automatic extension, and their 2020 individual tax returns are now due October 15, 2021. However, there is no extension for a Section 475 election.
The IRS postponed the 2020 individual tax filing and payment deadline to May 17, 2021, including the 2021 Section 475 election. For Texas, Oklahoma, and Louisiana residents, the deadlines are June...More on The IRS postponed the 2020 individual tax deadline to May 17
March 17, 2021: Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline. "The Treasury Department and Internal Revenue Service announced today that the federal i...More on Traders Should Consider Section 475 Election by the Tax Deadline
March 17, 2021: Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline. "The Treasury Department and Internal Revenue Service announced today that the federal i...More on Tips For Traders: Preparing 2020 Tax Returns, Extensions, and 475 Elections
The Savvy Trader’s Guide To 2020 Tax Preparation & 2021 Tax PlanningBuy Now In this 3-minute video, Mr. Green shows users around our website, and he explains how our CPA firm works closely with clients.