This Important Deadline Is Now Just 1 Month Away
When the COVID-19 outbreak hit the U.S., the initial shock was enough to send the stock market plummeting into bear market territory and drive millions of workers into unemployment. Realizing that Americans did not have the capacity to deal with taxes at a time when a major crisis was unfolding, the IRS made the wise decision to push back the April 15 tax-filing deadline all the way to July 15. But now that the deadline is only one month away, it's time to get moving on your taxes if you haven't done so already. In fact, the sooner you get your return submitted, the sooner you'll get any refund the IRS owes you. Here are a few tips for tackling your tax return during these very unusual times.
It may not be safe to cram into your tax preparer's tiny office to review your documentation, but that doesn't mean you have to go it alone on the filing front. Many tax professionals are able to work with clients remotely and have secure online portals that allow you to share paperwork that contains sensitive information. If your tax situation is complex and you feel you need help with your return, contact a tax preparer at once, but don't delay -- the longer you wait, the more you risk getting closed out.
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Source Fool.com
