In response to the ongoing COVID-19 situation, the federal income tax filing deadline has been pushed to July 15 from the standard deadline of April 15. This means you have an additional three months to file your returns and pay your taxes without being subject to interest or penalties.
This extension applies to federal tax filings only. While several states have followed suit and extended their filing deadlines as of this writing, we encourage you to verify filing circumstances in your specific state.
The annual tax filing deadline coincides with:
Please consult your accountant or tax professional for exact guidance on how the July 15 filing extension may affect your self-directed IRA, 401(k), or Health Savings Account. Our sister company, IRA Tax Services, can assist you with filing a Form 990-T and with other complex tax matters related to your account.
Although New Direction Trust Company does not provide tax or financial advice, please feel free to give us a call at 877-742-1270 or send us an e-mail at firstname.lastname@example.org if you ever have questions about your account.