Tax Date Due To Coronavirus? The Internal Revenue Service (IRS) and Treasury Department made an announcement about the extension of tax filing deadline in the United States due to the coronavirus (COVID-19) pandemic. Now, the new extended deadline for filing federal tax payments in USA is July 15, 2020, which was previously April 15, 2020. Various federal income tax payments that were also due on April 15 can now be filed till July 15, 2020 in USA. U.S. government and the IRS are taking initiatives to help taxpayers during the pandemic conditions related to Croronavirus. Black Ink is serving its clients by preparing and filing their income tax returns even during coronavirus alert conditions. We are working remotely to file your taxes as soon as possible to get maximum refunds in the minimum of time. Share your info and tax document with us by signing in and get your income taxes done even in coronavirus lockdown scenario.
The Commissioner of Internal Revenue, Mr. Charles P. Rettig, shared words on the extended deadline for tax filing in United States and said,
Even with the filing deadline extended, we urge taxpayers who are owed refunds to file as soon as possible and file electronically. Filing electronically with direct deposit is the quickest way to get refunds. Although we are curtailing some operations during this period, the IRS is continuing with mission-critical operations to support the nation, and that includes accepting tax returns and sending refunds. As a federal agency vital to the overall operations of our country, we ask for your personal support, your understanding – and your patience. I’m incredibly proud of our employees as we navigate through numerous different challenges in this very rapidly changing environment.
IRS Extends Tax Filing Deadline To July 15 Due To Coronavirus:
The federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020 in relation to the pandemic hit of corona virus COVID-19 throughout United States. Not only this, federal income tax payments due on April 15, 2020 can also be deferred by the taxpayers till July 15, 2020. The IRS further says that there will not be any penalties and interest, regardless of the amount owed by various taxpayers. Furthermore, this extended tax deadline in USA is applicable on all taxpayers, including individuals, corporations, trusts & estates and other non-corporate tax filers as well as those who pay self-employment tax.
All taxpayers are eligible for the extended deadline to file your taxes in the United States. It means that to qualify for this automatic federal tax filing and payment relief due to coronavirus, taxpayers are not required to file any additional forms or call the IRS. Individual taxpayers, who need extra time to file taxes beyond the July 15 deadline, can request a tax filing extension by filing Form 4868. Similarly, businesses that need additional time are required to file Form 7004. The extension can be asked through tax professional, tax software or using the Free File.
As IRS Commissioner Chuck Rettig said, the agency is urging taxpayers to file as soon as possible who are due a refund. Most tax refunds are still being issued within 21 days by the IRS. The announcement of tax deadline extension from April 15, 2020, to July 15, 2020 came in response of the emergency declaration made by the President Donald Trump in the last week pursuant to the Stafford Act. For those who do not know that what Stafford Act is, the Stafford Act is a federal law that was enacted in 1988. The aim of Stafford Act is to bring systematic and orderly resources of federal natural disaster and emergency assistance for state and local governments in carrying out their responsibilities to help citizens.
The Treasury and IRS will issue further guidance as needed and continue working with Congress, on a bipartisan basis, on legislation to present additional relief to the American people. Black Ink will continue to update its readers about the updated information related to the COVID-19 virus by the IRS and other government authorities. Be a part of our News Section to get all the latest updates by the IRS for filing your taxes in USA. So that was all folks, regarding Tax Date Due To Coronavirus by the IRS.
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