Tuesday, 24 March 2020

Sorting Out the Tax Filing and Payment Deadlines: Evaluating All the Options

On March 13, President Trump issued an emergency declaration that, among other things, instructed the Secretary of the Treasury "to provide relief from tax deadlines to Americans who have been adversely affected by the COVID-19 emergency." What followed during the week of March 16 was an announcement regarding the deadlines for federal income tax return filings and tax payments. As we know, the usual deadline for individuals is April 15. Historically, not only must a federal income tax return be filed by that date, but the tax must be paid by then also. 

from CBNNews.com https://ift.tt/3bqOV4m

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