March 2023 Newsletter

Hello Tax Season!

TAX EXTENSIONS 

If you are planning to file for an extension, now is the time to do so before the April 18th deadline. Remember to be aware that 

• An extension of time to file your return does not grant you any extension of time to pay your taxes.
• You should estimate and pay any owed taxes by your regular deadline to avoid possible penalties. 

Click the link below to read more regarding tax extensions.

Vote C&K Best of 2023

Living Magazine started counting votes for the Best of 2023 Readers' Choice Awards. If you've found our firm to help you or your business, we'd love your vote! Voting ends March 15th.

Click here to VOTE

Important Dates

Wednesday, March 15th

- Federal tax filing deadline for Partnership & S-Corporations

Tuesday, April 18th

- Due date for the first 2023 estimated quarterly payments

- Federal tax filing deadline for Individual tax returns

Buyer Beware

Credits for NEW Clean Vehicles 

A $7,500 tax break for the purchase of a new electric vehicle might be a selling point, but do you qualify? Does the vehicle qualify? Before you purchase a new plug-in electric or fuel-cell vehicle, click on the link below to the IRS website to see if you're eligible to claim the credit. 

QUALIFICATION EXAMPLES:

Adjusted Gross Income

Vehicle Price

Manufacturing Location

Vehicle Battery Components

Vehicle Make & Model Year

Give us a call before you buy!

Can Tax Planning Help Me?

Tax planning is the best way to make sure you don't owe anything at the end of each year. Tax planning is a strategic plan to make sure you pay the least amount of taxes possible using legal and ethical rules. Chandler & Knowles features a staff of educated and experienced tax experts who can advise you on achieving your tax goals. Schedule your tax planning meeting today!