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April 15 Tax Payment Deferral Further Clarified

 April 15 Tax Payment Deferral Further Clarified

In recent F.A.Q. guidance on the scope of delayed tax filing and payment, the I.R.S. announced that installment payments of transition tax are also delayed to July 15th.

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Tax Day Moved to July 15

Tax Day Moved to July 15

The April 15 deadline for filing tax returns will now be postponed until July 15, according to Treasury Secretary Steven Mnuchin.

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April 15 Tax Payments Deferred

April 15 Tax Payments Deferred

Following President Trump’s emergency declaration pursuant to the Stafford Act, the U.S. Treasury Department issued guidance on March 18, 2020, allowing all individual and other non-corporate tax filers to defer up to $1 million of Federal income tax (including self-employment tax) payments due on April 15, 2020, until July 15, 2020.

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