The Treasury Department has taken some extraordinary actions to help individuals and businesses ease the burden of filing their taxes.
In response to COVID-19 [coronavirus], President Trump directed Treasury Secretary Steven Mnuchin to extend the tax filing deadline from April 15th to July 15th This change will allow all taxpayers and businesses to have additional time to file and make payments without interest or penalties. This advisory is an update to the previously announced extension to those individuals or businesses that had to pay.
What about tax refunds?
According to the IRS data, almost 68 million Americans have already filed and nearly 53 million have already gotten their refunds. The Treasury Secretary, Steven Mnuchin, Tweeted today, ” I encourage all taxpayers who may have tax refunds to file now to get your money.”
From our KSDT family to yours, we hope that everyone is safe and healthy during this unprecedented time. Our Tax Experts are fully capable of conducting uninterrupted business electronically and via the phone. Please reach out today to schedule time as well as to learn about any additional tax and financial programs that may be available