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Tax Corner

April 5, 2022 | Weekly Commentary

Our Tax Department has begun filing tax return extensions. If we did not receive all of your information and supporting documents by April 1, we are likely going to file an extension on your return. Please refer to the following guidance about preparation of an extension:

  • Still give us whatever information you have as soon as possible or as soon as it becomes available.
  • Expect to pay an anticipated taxes owed by the original filing date in April. We will determine if you will have a balance due or if you ca expect a refund based on the available tax information you submit.
  • If you are required to make quarterly estimated tax payments, individual first quarter estimated tax payments are due April 15.
  • If you are anticipating a large refund, we will try to get your extended return completed as soon as possible once all tax information is available.

Contact our team at tax@valleynatinalgroup.com or 610-868-9000 if you need more information.