In FAQs just posted on their website, the IRS answered many the questions regarding the July 15 filing and payment extension announced in IRS Notice 2020-18. Note the following highlights:
The FAQs are available at:
www.irs.gov/newsroom/filing-and-payment-deadlines-questions-and-answers The IRS has issued Notice 2020-18, which clarifies some provisions for extended returns, but leaves other questions unanswered. Here are the questions that were answered:
I will continue to keep you posted as additional filing and payment information is released
At a press conference held today, U.S. Treasury Secretary Mnuchin announced the following extensions for federal income tax payments:
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AuthorSal Censoprano is a Certified Public Accountant (CPA) and tax practice owner for over 40 years. He was born and raised in Brooklyn, New York and earned his master’s degree in taxation. Archives
December 2020
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