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Tax Day 2020

                                                  By Mark Morowitz, CPA
      This month I thought I would share my per-                       15  and October 15  into play. To add to the
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     spective on Tax Day 2020. For those of you                        craziness,  this  year,  because  of  Covid-19, the
     unfamiliar with the term, Tax Day refers to the                   filing date was automatically extended to July
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     last day of tax season. While honestly a mis-                     15  for all tax returns due by April 15 . Are you
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     nomer, the day taxes are due, usually April 15                    still  with  me?  So  where  is  the  chaos  you  ask?
     is typically celebrated each year as the “end” of                 Well, federal estimated tax payment number 1,
     tax season. I guess it’s celebrated by the public                 usually due April 15  was pushed back to July
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     and  the  media  because  it’s  sure  as  heck  not   Mark Morowitz, CPA  15 .  Estimated tax payment number 2 was due
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     cele brated by me.                                                on June 15 . Number 2 due before number 1? You
      We tend to focus on individual taxes so to be clear, there  get the picture.
     are various tax days to be celebrated in the Gregorian     So to celebrate tax day 2020 on July 15, 2020, I prepared
     Calendar. In addition to April   We tend to focus on individual taxes so to be                extensions  for all
     15  (which also includes    clear, there are various tax days to be celebrated                clients not yet filed,
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     corporation and fiduciary tax              in the Gregorian Calendar.                         filled up a glass of
     returns), there is March 15th,                                                                vodka and thought
     the filing date for partnership and “S” Corporation tax  about all of the places I can’t go to take a well deserved
     returns and May 15 , the filing date for non-profit organi- vacation this year because of the virus. Welcome to my
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     zation tax returns.                                      world 2020. Stay safe my friends.
      As if that’s not confusing enough, let’s add in the       Call Mark Morowitz at 609-338-3603 for a free consultation, or go to:
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     extensions of time to file which puts August 15 , September  MorowitzCPA.com.
















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     AUGUST 2020                                    BoomerTimesFL.com                       BoomerTimes & SeniorLife / 3
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