Business Politics U.S

IRS Officially Moves Tax Filing Deadlines To July 15, Issues New Guidance

Since instances of COVID-19’s numbers continue to rise in the USA, the national government is taking actions to decrease the effect. Especially, the Internal Revenue Service (IRS) has declared the tax filing period been pushed to July 15, 2020.

Now, the IRS issued advice, making the statement tweeted by Treasury Secretary Steven Mnuchin (and then retweeted from the IRS). The guidance makes clear that the date for making tax payments and filing tax returns was extended from April 15.

According to the advice, on March 13, 2020, the President of the United States of America issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in reaction to this continuing Coronavirus Disease 2019 (COVID-19) pandemic (Emergency Declaration).

The Emergency Declaration instructed the Secretary of the Treasury “to give relief from taxation obligations to Americans who were negatively influenced by the COVID-19 crisis, as appropriate, pursuant to 26 USC. 7508A(a).”

Because of this, the Treasury has declared the date for filing income tax returns AND making income tax payments is postponed to July 15, 2020. You don’t need to apply for an extension.

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Jack Simpson
The idea of Next Bulletin landed this Environmentalist to the digital avenue. Jack brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in Environment niche.

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