On March 20 the Internal Revenue Services posted that the tax filing deadline has now been delayed and now matches the tax payment deadline of July 15, 2020. No extension is required to be filed on April 15 for taxpayers. You can find more information at https://www.irs.gov/pub/irs-drop/n-20-18.pdf .
Also additional relief was issued for businesses to be able to recover costs associated with providing Coronavirus-related leave for employees. The IRS states “Reimbursement will be quick and easy to obtain.” At this time there is no guidance available to file for this relief. We will keep monitoring this information and post when more as it is 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.
