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:
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:
Sal 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.