Tax Preparation Process & Dates
2021 Tax Preparation Information for the 2020 Tax Year
We are excited to begin 2020 tax preparation services. Continuing our proactive approach, we recommend gathering applicable information early to ensure your return(s) will be filed on time. Filing early will reduce stress by informing you of any possible refunds or tax liability. Please be aware of the deadline dates directly below and specific guidance on required document submissions.
Upload Documents to Tax Organizer
Please fill complete your tax organizer and upload all tax documents before submitting them to your DrillDown Tax Pro.
Documents Submission Deadline
If we are unable to complete your return by the applicable due date(s), an Automatic Extension will be filed. Factors requiring Automatic Extensions: incomplete, missing, and late documentation submission or specific client request for Automatic Extension.
Meet with Your DrillDown Tax Pro
Meet with your DrillDown Tax Pro about Two Weeks after all your tax documents and tax organizer is submitted to review and approve your tax return. Once the tax agency accepts your tax return, a confirmation email will be delivered.
Tax Year 2020 Deadlines
Date for documents to be submitted to DrillDown Solution to ensure accurate preparation and proper client review, and to avoid automatic tax extension
S-Corporations and Partnerships
- February 22, 20201 – 2020 Client Document Submission Deadline
- March 15, 2021 – 2020 IRS Filing Deadline
S-Corporations and Partnerships Extension Deadline
- September 15, 2021 – 2020 IRS Extension Filing Deadline for returns
Individuals and C-Corporations
- March 22, 2021 – 2020 Client Document Submission Deadline
- April 15, 2021 – 2020 IRS Filing Deadline
Individuals and C–Corporations Extension Deadline
- October 15, 2021 – 2020 IRS Extension Filing Deadline
Technology for your protection and Convenience
2020 Personal Income Tax Organizer
To protect your sensitive data in the current security environment, your Tax Organizer access is via your client portal. This not only gives you peace of mind but will save you time gathering your tax documents. An email with link and instructions will follow. You can return organizer with the click of a button!
Company QuickBooks Files & (QBO) QuickBooks Online
If your engagement does not include our monthly bookkeeping services for your businesses, please send us either an Accountant’s Copy of your QuickBooks Company File, applicable financial statements, and/or summarized income, expenses, assets, liabilities, and distribution records.
For our clients using the newest and most convenient technology; QuickBooks Online (QBO), simply notify us through email or organizer that your books are ready for tax. If you have not invited DDS access to your QBO do so now. Please invite us using the address below as your “accountant,” by clicking the Gear Icon, Manage users, add accountant. Address to use for your accountant: firstname.lastname@example.org
For QuickBooks file(s) the safest methods to send files is through QuickBooks Accountant’s Copy Transfer file or your secure DrillDown Solution Client Portal. The portal can be accessed by visiting www.drilldownsolution.com and then by selecting “Client Portal Login” in the upper right corner. Your Login is the email address we have on file for you, the password is set up to be your last name (initial cap) plus the last 4 digits of the primary tax payer’s social security number followed by an asterisk *. Example: Smith1234* If this does not work (the password may have expired), click on “forgot password” to reset