The IRS posted a news release on April 9th with some additional information regarding filing deadlines. Read the full news release here.
Some important items in the news release:
- 2nd quarter estimate payment that are normally due June 15, 2020 are now due July 15, 2020.
- Tax owed does not need to be paid until July 15, 2020.
- Extensions for individual and business tax returns can be obtained to extend the filing due date to October 15, 2020. Tax owed must be paid by July 15, 2020.
To read more from the Journal of Accountancy regarding this, click here.