In the midst of the coronavirus outbreak, Treasury Secretary Steven Mnuchin announced Friday that the Federal Government is extending the tax filing deadline from April 15 to July 15, 2020.
The Treasury Department has taken this action to give people more time to prepare and pay their taxes during the COVID-19 outbreak. The Internal Revenue Service had previously announced that most taxpayers could defer certain payments until July but would still have to file their tax returns or seek extensions by April 15, 2020. The announcement on Friday supersedes that earlier report, and now both the filing of returns and certain income tax payments, have been extended three months.
Delaying the due date until July 15 will also ease logistical problems that the IRS could face as more government workers are forced to work remotely. The tax collection agency has service centers across the country that require staff to have face-to-face contact with the general public.
The specific details on exactly who this extended deadline applies to, and how it will be implemented will be provided in a future Internal Revenue Service notice.
We continue to pay close attention to breaking developments surrounding the impact of the coronavirus, and we will continue to keep you informed of any other tax relief that is being offered by the government that could help you or your business during this crisis.
We continue to work to meet our client’s needs. Our team is working remotely and completing client projects. We encourage all clients to send us their tax return information as soon as possible, so that we may prepare the returns and have time to plan prior to the July 15 revised due date.