IRS Postpones April 15 Tax Payments for 90 Days
IRS Postpones April 15 Tax Payments for 90 Days
3/19/2020
This Tuesday afternoon, Treasury Secretary Steven Mnuchin announced that individual taxpayers can delay paying their Federal income taxes on as much as $1 million in taxes owed for up to 90 days. Ordinarily, individual income taxpayers must submit their 2019 tax returns by April 15.
This delay will push the due date to July 15. This relief is for federal returns. We expect states will follow suit, and we will continue to monitor the various state tax filing requirements and keep you informed.
The AICPA is keeping a list of states’ tax developments here.
We will also be monitoring the official Coronavirus Tax Relief information from the IRS.
We will continue communicating with you through our news alerts. Please check back frequently to this page for COVID-19 updates from FMD. If you have any questions or concerns, do not hesitate to reach out to your FMD professional.
