Many of my clients are calling asking when their taxes are due. As of March 18, the IRS posted that tax returns are still due on April 15. They have however delayed the payment due date to July 15 for many taxpayers. Read more at https://www.irs.gov/coronavirus and https://home.treasury.gov/news/press-releases/sm948.
The IRS is allowing individual taxpayers to defer up to $1 million of federal income tax payments until July 15, 2020. They are also allowing corporations to defer payments of up to $10 million until July 15, 2020. This does not change the filing date of April 15, 2020.
At this time there is no official word from the state of Missouri regarding any changes to filing or payment dates.
We are watching the updates regularly and will share new information as it becomes available.
The Wassman CPA Services website and blog is meant to offer general information to our readers. The information provided is not intended to replace or serve as a substitute for any accounting, tax or other professional advice, consultation or service. You should contact Wassman CPA Services for advice concerning specific matters prior to making any decisions.
