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Tips for July 15th Tax Day

Posted at 8:36 AM, Jul 15, 2020
and last updated 2020-07-15 08:36:44-04

LEXINGTON, Ky. (LEX 18)  — Tax Day was delayed by three months thanks to COVID-19 which a local Lexington business said allowed more Kentuckians to avoid filing for an extension.

Advance Tax Service Associate Danny McQuinn explained their office in Lexington was closed for weeks only allowing clients to drop paperwork off at the door. He said once they opened back up, though, business has been even more than usual.

Beyond the nuances of the new tax code, the process is still the same for McQuinn and his team, but COVID-19 proved to add some barriers.

"I would say probably a little bit more stress but that's more of the situation I think than anything. You know, having the, you know, when they come in, they have to have their temperature taken and answer some questions and all that's added some stress to it," said McQuinn. "And of course it is stay six feet away so that's been different...Of course, you got to use your mask so that's been a little strange. Sometimes you can't understand people."

Advance Tax Service advised all to take some action by the end of the day on July 15.

McQuinn explained, "They need to file an extension and to file extension, you know, you don't really need to do anything other than, call your tax preparer, call us and we can set you up with an extension. Then that gets you until October. Now the thing the extension does is it doesn't take away the late interest penalty and late payment penalty and interest, but it does take away the late filing building which is the one that you want to avoid."