Legal Tax Defense, America’s one-stop destination for IRS and state tax problems, simplifies and elucidates IRS Tax Filing extension for 2021 as well as the Covid Tax Relief Options for taxpayers for proper clarification and comprehension.
When a citizen begins a new job, a Form W-4 is required to set up a payroll withholding. The information entered on this form determines how much employers are required to withhold from their employee’s gross pay. Last year, the IRS introduced a revised Form W-4 for taxes which is much easier to complete, guiding eligible taxpayers through the process and eliminating every complication and question that bedeviled its previous form.
Using this form, taxpayers must file a tax return every year to come up with a final tally of individual tax situations. This is to determine whether the taxpayer owes taxes beyond what is already paid or is due for a refund of withheld taxes. The tax return is supposedly due around April 15 of the year following the tax year. However, in response to the Covid pandemic, The Biden Administration, through the IRS, made an exception to this rule for the 2020 tax year, the return to be filed in 2021. The filing deadline has been extended from April 15 to May 17, 2021
Citizens can file their taxes by manually completing Form 1040 according to instructions provided by the IRS, use a tax software program or the website of a service like TurboTax or H&R Block, or get professional help from Legal Tax Defense. The latter has proven to be the most effective as the firm has a dedicated team of experts and tax attorneys with the necessary skillset to file taxes.
Tax Debt Relief Options for taxpayers:
On November 2, 2020, the IRS announced a new program, the Taxpayer Relief Initiative, designed to give specific relief to taxpayers who are unable to pay their taxes because of the pandemic (IR-2020-248), adding more options to previously existing ones.
The highlights of the Taxpayer Relief Initiative, according to the IRS:
About the Company
Legal Tax Defense, over the years, has delivered impeccable services for its clients with its team of tax lawyers and certified enrolled agents that can help resolve tax problems for individual taxpayers and business owners. Speaking about their services, a company executive, Lance N., said: “Our team of tax defense experts can protect you from wage garnishments, avoid bank levies, and preventing property seizures. Our tax defense experts are here to ensure your financial stability and put an end to your tax problems.”
Media ContactCompany Name: Legal Tax DefenseContact Person: Lance N.Email: Send EmailPhone: 800-804-2769Country: United StatesWebsite: www.legaltaxdefense.com