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Update – Additional Tax Relief Because of COVID-19

By Rosemary D. Durkin on March 20, 2020
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On March 20, 2020, Treasury Secretary Steven Mnuchin announced that the due date for the filing of income tax returns will now be July 15 instead of the usual April 15. Secretary Mnuchin announced this on Twitter. As of 12:30 pm EDT, the Internal Revenue Service had not posted anything on their website.

At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.

— Steven Mnuchin (@stevenmnuchin1) March 20, 2020

Notice 2020-17, issued by the Internal Revenue Service earlier in the week, had extended the payment date to July 15, but not the filing deadline.

Secretary Mnuchin also encouraged those taxpayers who expect a refund to file quickly, so they can receive their refund once the return is processed.

Click here to read the prior update from March 19, 2020.

Photo of Rosemary D. Durkin Rosemary D. Durkin

Rosemary D. Durkin is a member of the Trusts & Estates Group of Stark & Stark. Ms. Durkin concentrates her practice in trusts and estates, estate planning, estate administration, and elder law.

Read more about Rosemary D. DurkinEmail
  • Posted in:
    Corporate Governance and Compliance, Tax
  • Blog:
    New Jersey Law Blog
  • Organization:
    Stark & Stark
  • Article: View Original Source

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