March 20, 2020
U.S. Treasury secretary, Steven Mnuchin just announced that the April 15 tax filing deadline has been pushed back until July 15, 2020. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties. Mnuchin advises Americans who are expecting tax refunds should still file now so they can have access to the money.
Taxpayers can still request a six-month extension to file returns, like they could in any other year.
The new deadlines announced by the administration apply to federal tax income payments only. More information and details will be shared as it becomes available. It's up to states to set their own deadlines. Some states are making changes due to the coronavirus. We will keep you posted as we learn new information.
Although the tax deadline is extended, please know we will still work as best we can to get things done by end of April or mid-May. As always, feel free to contact any member of our team at (610) 828-1900 with questions or me at
Marty.McCarthy@MCC-CPAs.com
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Thank you and stay safe. Together we will all get through this trying time.
Marty McCarthy, CPA, CCIFP
Managing Partner
McCarthy & Company
Disclaimer: This alert is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice, and cannot be used by the recipient to avoid penalties that may be imposed under the Internal Revenue Code. We strongly advise you to seek professional assistance with respect to your specific issue(s).
