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Tax professionals weigh in on 2021 tax season deadline NATP survey finds July 15, 2020, filing extension was helpful for tax pros and their clients
BriefingWire.com, 2/01/2021 - APPLETON, Wis. (Feb. 1, 2021) â The National Association of Tax Professionals (NATP) issued a survey to tax professionals in December 2020 with questions about the 2020 filing season, its extended deadline and more.
Of the 589 respondents, 61.8% reported they thought the July 15, 2020, filing extension for individual returns was positive for them as a practitioner, and 77% of tax professionals thought the extension was positive for their clients.
As a follow up, 53% of respondents were in favor of another filing extension in 2021.
Americans have two basic options when it comes to filing their taxes:
1. Do it yourself with tax software or through the IRS website. The IRS does not charge to file taxes. If you re well-versed in tax law (most people aren t) you can print out and mail in your paperwork or request the paper forms in the mail. However, the IRS encourages online filing and directs taxpayers with incomes under $72,000 to its free filing portal, which lists 10 qualified tax preparers that offer free services (there might be an additional charge for state filing).
For people with incomes north of $72,000, you can still find free filing options if you have straightforward income. A more complex situation like self-employment or complicated investments means you ll likely have to pay an online tax preparer, which can range from $25 to $100 or more for federal and state filing.
National Association of Tax Professionals announces 2021 board of directors One new member elected to NATP board, joins eight others
BriefingWire.com, 1/27/2021 - APPLETON, Wis. (Jan. 27, 2021) â Members of the National Association of Tax Professionals (NATP) elected one new member to its 2021 board of directors. Charles Markham, MST, EA, joins eight additional board members who will guide the association through the coming year.
Other board members include: Brett Rosser, EA, president; Jaimee Hammer, EA, vice president; Sherri Hoskisson, EA, MST, secretary; Jim Vann, CRTP, AFSP, treasurer; Sally Achord, EA; Melissa Bowman, EA; and Richard Ganong, MBA, EA.
Rosser served his first year as board president in 2020. He has previously served on the National Finance Committee and as vice president.
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