As the far-reaching effects of COVID-19 continue to impact us, the federal government and the IRS have implemented new tax credits and extended important deadlines.
The 2019 federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.
Many states are following suit and extending their filing deadlines as well. If you are not able to provide us with the documents needed to file returns by July 15, we can file for an Oct. 15 extension. Please notify us as soon as possible if this is the case.
You can also defer federal income tax payments normally due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount you owe. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.