March 2025 Newsletter

Tax Season is Here!

Tax Returns & Extensions

The 2024 federal tax deadline for personal tax returns is April 15, 2025. If we have not received the information necessary to complete your tax return by March 15, 2025, we cannot ensure your tax return will be completed by the deadline.

Personal Tax Return Extensions: Our office will automatically file an extension on behalf of all clients for whom a 2024 engagement has been activated, and whose returns are not filed by the deadline. It’s important to note that an extension gives you more time to file your tax return, not more time to pay taxes owed. If you owe when your tax return is filed and payment wasn’t made with the extension by April 15, 2025, the IRS will assess late payment penalties and interest. If you need our help with this calculation, contact your tax preparer.

SmartVault Friendly Reminder

If you have uploaded supporting tax documents into your SmartVault, please know that our office gets an alert regarding your uploads. You can find your uploaded documents in the Uploaded Documents In Progress folder, under the according tax year folder.

Important Dates & Updates

Monday, March 17th

Federal tax filing deadline for Partnership & S-Corporations

Deadline to file a 6-month extension for Partnership & S-Corporation returns

Tuesday, April 15th

Due date for the first 2025 estimated quarterly payments

Deadline for federal tax filing for individual tax returns

Deadline to file a 6-month extension for individual returns

DocuSign 8879

Form 8879 is required for signature in order for our firm to electronically file your tax return. This year your 8879 form will be delivered via DocuSign to your email address.

We will still accept printed and signed 8879 like we have done in the past. Reminder, if you choose to print and sign your 8879, you must upload it to your SmartVault in the Send TO Accounting Tax Team folder.

TAX SEASON OFFICE HOURS:

Monday - Friday: 8:30am - 5:00pm

Saturday, April 5th: 9:00am -1:00pm

Sunday: CLOSED

Dear Client,

Your tax return is important to us, and we want to assure you that it remains a top priority in our workflow. While there might be a brief delay, please be patient, knowing that we are diligently working to provide you with accurate and timely results.

We understand the significance of your financial matters, and you peace of mind is important to us. Rest assured, we will proactively reach out to you as soon as your tax return is complete.

If you have any specific concerns, urgent matters, or deadlines, please do not hesitate to communicate them to use, and we will do our utmost to accommodate your needs.

As tax deadlines approach, we will file an extension for all current engaged clients on your behalf for those returns that are not complete. This ensures ample time for accurate and thorough completion of your return. You will be notified only IF we estimate a payment to the IRS is required. This estimate can only be done if your documents are uploaded by March 15th, 2025.

Your understanding during this busy period is invaluable to us, and we sincerely appreciate your patience and corporation.

Sincerely,

Rochelle Chandler, CPA / Managing Partner

Kristina Knowles, CPA / Partner

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