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Strobl Sharp PLLC

Strobl Sharp PLLC

Business and Corporate Law Firm

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(248) 540-2300

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    • Henry J. Andries, Jr.

      Henry J. Andries, Jr.

      Member

      Phone: 248.205.2710

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Healthcare Law, Labor & Employment, Litigation, Real Estate, Tax

      Experience

      Since 1995, Henry J. Andries, Jr. has engaged in private practice with a concentration in employment law, complex civil litigation...

    • Lynn M. Brimer

      Lynn M. Brimer

      Member

      Phone: 248.205.2772

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Banking & Financial Services, Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Litigation, Mergers & Acquisitions, Non-Profit Law, Real Estate, Tax

      Experience
      • Assist taxpayers with representation before the internal Revenue Service, the State of Michigan Department of Treasury and other taxing authorities...
    • Jon P. Everly

      Jon P. Everly

      Managing Member

      Phone: 248.205.2759

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Non-Profit Law, Real Estate, Tax

      Experience
      • Advises closely held businesses and their owners in a broad range of legal matters, including formation, taxation, succession planning, and...
    • Michael L. Geller

      Michael L. Geller

      Member

      Phone: 248.205.2770

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Healthcare Law, Labor & Employment, Litigation, Real Estate

      Experience
      • Advises and assists clients in the creation and structuring of their business entities.
      • Regularly counsels clients relative to employment issues that...
    • Paul M. Kavanaugh

      Paul M. Kavanaugh

      Member

      Phone: 248.205.2711

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Healthcare Law, Labor & Employment, Mergers & Acquisitions, Real Estate

      Experience

      In his more than 30 years of practicing law, he has helped businesses protect their financial and intellectual property, minimize...

    • Jay R. LaBarge

      Jay R. LaBarge

      Member

      Phone: 248.205.2778

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Healthcare Law, Mergers & Acquisitions, Non-Profit Law, Real Estate, Tax

      Experience
      • Advises clients on a full range of real estate matters, including drafting and negotiating purchase agreements and residential, commercial and...
    • Randi LaFave

      Randi LaFave

      Associate

      Phone: 248.205.2712

      Office: Bloomfield Hills

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      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Labor & Employment, Mergers & Acquisitions, Real Estate, Tax

      Experience
      • Counsels start-ups and growing companies on fundraising, including preparation of private placement memorandums
      • Works with clients to uncover and resolve bank...
    • Brian J. McCullough

      Brian J. McCullough

      Member

      Phone: 248.205.2715

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Healthcare Law, Real Estate

      Experience
      • All legal aspects pertaining to healthcare providers, including licensing, certification issues, survey and compliance issues, Medicare, Medicaid and other insurance-related...
    • John Monnich Jr.

      John Monnich Jr.

      Associate

      Phone: 248.205.2735

      Office: Bloomfield Hills

      Connect:

      Practice Areas

      Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Labor & Employment, Litigation, Mergers & Acquisitions, Real Estate

      Experience
      • Represents plaintiffs and defendants in business litigation matters.
      • Performs all aspects of litigation, including legal writing, discovery strategy and evidence gathering,...
    • Pamela S. Ritter

      Pamela S. Ritter

      Member

      Phone: 248.205.2765

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Banking & Financial Services, Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Litigation, Real Estate

      Experience
      • Counsel to lenders in a range of loan origination transactions, including commercial and industrial loan facilities, real estate and construction...
    • James A. Rocchio

      James A. Rocchio

      Of Counsel

      Phone: 248.205.2748

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Bankruptcy & Creditor's Rights, Business Law, Commercial Contracts, Corporate Law, Estate & Succession Planning, Mergers & Acquisitions, Tax

      Experience

      Mr. Rocchio has deep expertise in the area of taxation. Over the course of his legal career, he has counseled...

    • Michael T. Scullen

      Michael T. Scullen

      Of Counsel

      Phone: 248.519.2450

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Business Law, Commercial Contracts, Estate & Succession Planning, Real Estate, Tax

      Experience
      • Advises individuals and families on estate planning and probate avoidance planning, including revocable trusts, wills, financial and medical powers of...
    • Sean T. Scullen

      Sean T. Scullen

      Of Counsel

      Phone: 248-205-2721

      Office: Bloomfield Hills, Michigan

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      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Estate & Succession Planning, Real Estate, Tax

      Experience
      • Advises on estate and asset protection planning, including revocable and irrevocable trusts, financial and medical powers of attorneys, wills, deeds,...
    • Nelson B. Stieper

      Nelson B. Stieper

      Of Counsel

      Phone: 248.205.2742

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Estate & Succession Planning

      Experience
      • Performs probate and trust administration, revocable and irrevocable trusts, wills, special needs planning, gift planning, and asset protection
      • Advises on divorce,...
    • Thomas J. Strobl

      Thomas J. Strobl

      Member

      Phone: 248.205.2713

      Office: Bloomfield Hills, Michigan

      Connect:

      Practice Areas

      Banking & Financial Services, Business Law, Commercial Contracts, Corporate Law, Labor & Employment, Mergers & Acquisitions, Real Estate, Tax

      Experience
      • Advises a broad spectrum of purchasers and sellers in merger and acquisition transactions involving primarily private companies.
      • Represents financial institutions and...
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Time’s Up! 2020 Corporate Tax Extensions Set to Expire

September 13, 2021

In the midst of the COVID-19 pandemic and subsequent financial disruptions, it’s no surprise that many corporations, partnerships, and sole proprietors chose to take advantage of the 2020 business tax filing extensions offered by the IRS last spring. After submitting the relatively simple extension request form, businesses were authorized to take an additional 6 months from the original tax due date to complete their 2020 tax paperwork.
Depending on the classification of the business, the extended due dates are coming up in September and October.

Partnerships and S corporations:
If your company is classified as a partnership or an S corporation and you requested an extension through the submission of IRS Form 7004 by March 15, you were approved to delay the filing of your 2020 federal tax return by six months, until September 15.

What to do now:
• Complete your tax return (Form 1065 for partnerships and Form 1120S for S corporations) for 2020 and submit it electronically or take it to the post office so that it is post-marked on or before September 15.
• Confirm that you don’t owe any taxes. While the extension allowed a delay of your tax filing without penalty, all tax payments were still due by the original due date. If you did not pay 2020 taxes owed by March 15, you not only owe those taxes by September 15 but also any penalties, late fees, or accrued interest.
• For late tax payments, you can be charged a monthly late filing fee of 5% of the outstanding tax. The maximum late filing fee is 25%.

C corporations:
If your company is classified as a C corporation and you requested an extension through the submission of IRS Form 7004 by April 15 (for corporations that operate on a calendar year), you were approved to delay the filing of your 2020 federal tax return by six months, until October 15.
What to do now:
• Complete your tax return (Form 1120) for 2020 and submit it electronically or take it to the post office so that it is post-marked on or before October 15.
• Confirm that you don’t owe any taxes. While the extension allowed a delay of your tax filing without penalty, all tax payments were still due by the original due date. If you did not pay 2020 taxes owed by April 15, you not only owe those taxes by October 15 but also any penalties, late fees, or accrued interest.
• For late tax payments, you can be charged a monthly late filing fee of 5% of the outstanding tax. The maximum late filing fee is 25%.

Single owner limited liability companies and sole proprietorships:

If your business is a single owner LLC or a sole proprietorship and you requested an extension through the submission of IRS Form 4868 by May 17, 2021, you were automatically approved to delay the filing of your 2020 federal tax return until October 15, 2021, six months after your original due date of April 15.
What to do now:
• Complete your 2020 tax return and submit it electronically or through the mail, making sure it’s postmarked by October 15.
• Confirm that you’ve already paid any taxes owed for 2020. While the extension allowed a delay of your tax filing without penalty, tax bills were still due on time. If you did not pay taxes owed by May 17, you will not only owe those taxes by October 15 but also a late fee and accrued interest.
• For late tax payments, you can be charged a monthly late filing fee of 5% of the outstanding tax. The maximum late filing fee is 25%.
Strobl Sharp is a team of experienced and trusted lawyers that specialize in taxation to minimize the impact of federal, state, and local taxes on business and individual clients. For more information, visit Strobl Sharp online at StroblLaw.com or on LinkedIn.

Uncategorized 2020 Income Tax Deadline,  Corporate Tax Deadline,  Corporate Tax Extension,  Income Tax Extension,  IRS form 1120S,  IRS Form 4868,  IRS Form 7004,  limited liability company tax deadline,  limited liability company tax extension,  partnership tax extension,  sole proprietorship tax deadline,  sole proprietorship tax extension,  Tax Deadline,  Tax Extension,  tax penalties

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At Strobl Sharp PLLC, our attorneys are committed to your team. We collaborate with clients to share our expertise and guide them to success.

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(248) 540-2300

300 East Long Lake Road
Suite 200
Bloomfield Hills, MI 48304

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