News Update on Possible Deadline Extensions

News Update on Possible Deadline Extensions

May 11, 2020
By Tonneson
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Currently almost all Federal tax returns and forms are due on July 15, 2020. As the COVID-19 pandemic continues on well past anticipated time frames, President Trump’s administration is contemplating a second extension of taxes due in 2020.

Current discussion surrounds extending the due date to September 15, 2020 or even later this year amidst concerns that pushing the deadlines out that far would result in large balances due for taxpayers that they would have trouble paying.

These discussions are in the early stages and are far from a done deal. We will keep you posted on any further developments.