On March 18th the IRS extended the tax payment deadline for Form 1040 Filers to July 15th 2020. The automatic 90 day extension is for payments due on your 2019 tax returns.
There have been a lot of updates today regarding how the Covid-19 is going to impact tax season and small business owners. This information is being updated at a rapid pace, so be sure to check the IRS website for continued updates and changes.
The IRS has announced this afternoon that the individual tax return due date has been extended from April 15th to July 15th.
This is an extension of time to PAY your taxes due on your 2019 Form 1040 return. The IRS is also suspending penalties and interest charges for those with balances due on their return. ALL individual US taxpayers qualify for this 90 day payment extension.
This extension of time to pay does not extend the time to file your 2019 personal returns. So please ensure that you file your tax return timely OR request a 6 month extension prior to the 04/15/20 deadline.
To meet the needs of our clients, our office will continue to process and file returns as they are received. Due to Covid-19 are currently not accepting in office appointments for tax prep. Phone Appointments are still available and can be scheduled directly through our website.
If you have not submitted your paperwork, please feel free to use our Secure Client Portal at www.ataxshelter.com or visit one of our two office locations to drop off your file.
As we process your tax returns, we will be calling to review your return and finalize any additional questions that we may have. We will keep you posted as we receive new updates related to Covid-19.