Background
Since 2007
Logo El Trailero Magazine
Español

Distribution
Diesel Price
Truck Scale
Weather
Truck Stop Locator
Road Service
Job Directory
Truck Sales
Trucking School

Do you need an extension for you taxes?

Do you need an extension for you taxes?



With the country and the rest of the world having stagnant economies, people fighting for their lives, we must continue to learn and follow medical indications to avoid falling prey to the virus.

In addition, our countries social situation, with protests across the country, to demand justice for the death of George Floyd and many more victims, black and Latino, murdered by the police throughout the history of the United States. Thus, despite all the events we have had, the date that the federal government established to file your taxes expires on July 15, 2020.

We are close to the date to send our tax report to Uncle Sam and it is recommended to take time to analyze and put in order the documents that we will present to our accountant.

The more certain we are about what we will claim for expenses, the more prepared we will be in case the Internal Revenue Service wants to review our documents. As Benjamin Franklin said, in this world nothing can be said to be certain, except death and taxes.

Taking this concept as a reference, most of us want to avoid discussing these two issues, but sooner or later they will come, so the more prepared we are, the easier it will be to establish everything necessary to comply.

The 2019 income tax filing and payment deadlines with the automatic extension expire on July 15, 2020 for individuals, C corporations, and trust corporations. Remember that fines and interest will begin to accumulate in the outstanding balances as of July 16, 2020. In case you need additional time to file your tax report, you can request an extension with form 4868 for individuals and form 7004 for corporations.

You can do this by calling your tax professional for assistance. While the IRS doesn`t need an explanation when requesting an extension, there is no reason to prepare your tax return in a hurry if other problems prevent you from concentrating on it.

Our recommendation is that many of the tax preparers provide exceptional and professional tax service. However, each year, some taxpayers are financially disadvantaged because they choose the wrong tax preparer.
Be sure to check out the IRS site at this link https://irs.treasury.gov/rpo/rpo.jsf to choose and verify a tax preparer to avoid "phantom" and unethical tax preparers.


Latest Articles
The Transportation Company´s Safety Department
Safety at the Wheel
The Transportation Company´s Safety Department

Safety is a genuine priority in your transportation company. This department is responsible for supervising all drivers ...

read more...

Back Pain: Exercises and Tips for Truck Drivers
Truckers Health
Back Pain: Exercises and Tips for Truck Drivers

Back pain is one of the most common complaints among truck drivers due to long hours behind the wheel, poor posture, and...

read more...

How to Prevent Issues with Defective Tires
Mechanical Tips
How to Prevent Issues with Defective Tires

Road safety is a top priority for all truck drivers, and keeping truck tires in good condition is essential to ensure op...

read more...

New Government: What Does It Mean for Truckers in California?
Transportation Today
New Government: What Does It Mean for Truckers in California?

With the start of Donald Trump´s second term, one of his first actions was to sign the executive order “Unle...

read more...

Taxes at the Wheel

Autor

Edic.: 156
Autor: Gustavo Nuñez
Date: 7/2020


Distribution