A whole slew of side issues arises when the federal and states change their tax rules suddenly. The latest change from March 2021 included a change to the due date for the 2020 individual taxes from the normal April 15 to May 17. It is easy for penalties to be waived for paying taxes a month later; however, interest is not so easy. NC has just signed off on waiving interest as well, for payments not made by April 15, but made by May 17. Better late than never....one down, many more to go. It's going to be another crazy tax year for 2021. As always but more important than ever, secure a quality CPA early !
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