This morning both President Trump and Secretary of Treasury Mnuchin have announced that both the tax return filing deadline and payment deadline will be moved forward to July 15, 2020. While automatic extensions of time to file have always been available, this move will allow some breathing room for many taxpayers. There will be no penalty for deferring your payment and no interest will accrue during this period.
Current information about business, tax and financial challenges during the current Covid-19 health crisis. Covers both business and personal income tax planning and compliance and business capital challenges.