Tips For Traders: Preparing 2020 Tax Returns, Extensions, And 475 Elections |
| March 03, 2021 | March 2021 Bond Updates |
|
Traders should focus on the big picture of filing a 2020 automatic extension by the April 15, 2021 deadline. With or without sufficient payment of taxes, filing the extension avoids the late-filing penalty of 5% per month, assessed on the tax balance due. Consider a Section 475 election, too. |
| View more at: https://www.forbes.com/sites/greatspeculations/2021/03/02/tips-for-traders-preparing-2020-tax-returns-extensions-and-475-elections/ |
| Related News |
|