Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed

On Friday, the IRS officially announced that, because of COVID-19, tax returns due April 15 will not have to be filed until July 15 this year. The notice applies to any person with Federal Income tax payment or Federal income tax return due 4/15/2020. The term “person” includes individual, trust, estate, partnership, association, company or […]

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IRS deferred tax payment guidance update

This follow up is to keep you as up to date as possible on tax changes emerging as a result of COVID-19. IRS issued Notice 2020-17 clarifying Secretary Mnuchin’s comments. The IRS is allowing taxpayers to postpone income tax payments due on April 15th until July 15th. Here are the important points: Eligible payments would include […]

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