As reported in CPA Practice Advisor, Treasury Secretary Steven Mnuchin announced taxpayers and businesses will have until July 15, 2020 to pay their taxes this year, but the filing deadline is still April 15, for now.
Taxpayers and small businesses that traditionally face an April 15 tax deadline will be allowed more time to pay their taxes due, until the new deadline of July 15, 2020, with no penalties or interest charges. All individual U.S. taxpayers qualify for this extension and do not have to file any special paperwork or extension requests, as the deadline will be automatically extended.
Have Questions? Contact Us Today
The tax specialists at Whiteside & Simms are available to answer any questions questions you may have about the 2020 tax season payment deadline or any other tax issue. Contact us today to schedule an appointment.