To ensure timely and accurate filing of your tax returns, Accountability Services adheres to hard internal deadlines. You must be tax ready prior to the following dates or an extension will need to be filed.
Note: Our tax prep queue works on a first-ready, first-served basis. We recommend being tax ready as early as possible.
Tax ready deadlines
February 1, 20XX
- Businesses must be “tax ready” by 2/1 to be e-filed by the 3/15 deadline
March 1, 20XX
- Individuals must be “tax ready” by 3/1 to be filed by the 4/15 deadline
What happens if you are not tax ready in time?
If you are unable to be tax ready before the deadline, an extension will need to be filed with the IRS. This is not a big deal but understand that extending your return does not extend the date that payment for taxes is due.
You must make an estimated tax payment with your extension to avoid penalties.
If you need help estimating your tax payment, we can do this for you, but this is a separate engagement with an associated fee. We can file a $0 due extension at no charge, but this could lead to penalties if you have taxes due.
Note the following rules for different extension scenarios:
- You must be engaged and paid-in-full prior to 3/1 for Accountability Services to file an extension on your behalf
- If you want Accountability Services to calculate your estimated tax payment, you must be tax ready and engaged prior to 3/1 (If you are waiting on K1s, we can use estimated figures)
- Any new engagement or payment made after 3/1 will automatically default to a $0 extension
Important: If you know that you will not be tax ready before 3/1, inform the tax team at taxteam@acccountabilityservices.com so we can guide you through the extension process without penalties.
Tax ready deadlines for extended returns
July 20XX
- Extended businesses must be “tax ready” by 7/15 to be e-filed by the 9/15 deadline
- Extended individuals must be “tax ready” by 7/31 to be e-filed by the 9/15 deadline
