- Help the Elderly
- U.S. Tax Court Virus Issues
- Scams for EIP Payments
Strange world we’re living in at the moment. As a public service, the Tax Law Committee would like to set forth what the IRS has done recently with regard to tax deadlines in the face of the pandemic. Here they are:
Filing and paying deadline: For all taxpayers who file and pay their income taxes by April 15, the new deadline is July 15. This applies to all individual returns, trusts and corporations. No extension request is necessary. If you cannot file by July 15, file a Form 4868 to get an
extension to October 15. Remember – getting an extension to file does not extend the time to pay, which will remain at July 15. There is a limit on how much can be deferred: up to $1 million for individuals and $10 million for corporations.