April 15 Tax Filing Deadline – 90-Day Payment Extension for Businesses 和 Individuals

3/20/20 update: Please note that on Friday, March 20, U.S. Treasury Secretary Steve Mnuchin announced that the tax filing deadline, as well as the tax payment deadline, 延期到7月15日了吗. 点击这里阅读更多.

3/19/20 update: Please note this post, originally published on March 18, has been updated to clarify the period during which any accrued tax liability that can be deferred, 将被计算.  

While the particular details have not yet been finalized, the Treasury announced that the payment requirement for those who file by the April 15 tax filing deadline will be pushed back, giving certain individuals 和 many businesses 90 extra days to pay the taxes they owe.

Taxpayers who file a return or extension by April 15 will receive an interest 和 penalty-free deferral of time to remit balances due. Individual filers can defer up to $1 million of tax liability 和 corporate filers get an extension on up to $10 million of tax liability, 只要他们存档. (Note: The tax liability filers can defer 将被计算 based on the combined balance of any liability accrued during 2019 和 the estimated liability for the first quarter of 2020).

The payment extension to July 15, which affects millions of taxpayers, is part of the Administration’s effort to mitigate some of the economic effects of the coronavirus p和emic.

Delaying payment requirements will give businesses 和 individuals three more months to meet their IRS obligations, potentially lessening cash-flow issues that some businesses are facing as many people stay home 和 spend less money on dining out, entertainment 和 transportation.

The Administration is also considering delaying the estimated quarterly tax payments that self-employed workers 和 businesses pay the IRS throughout the year, according to two people familiar with the matter. The first payment is typically due April 15.

Qualifying for these benefits is predicated on filing 和 we will update you as additional guidance is issued with regard to extended returns. Please contact us with any questions.

联系 老葡京手机app Tax Practice Director Richard Morris using our 网上联络表格 了解更多信息.

委员,葡京会手机app下载 & 老葡京手机app(老葡京手机app) is a professional services firm delivering tax, accounting 和 business advisory expertise throughout the Mid-Atlantic region from offices in 马里兰州贝塞斯达 和 华盛顿特区.   

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