Check our blog for updates on regulations or resources that can be used to help you and your business achieve your financial goals.
On Friday, Treasury Secretary Steven Mnuchin announced that the deadline to file your 2019 federal income tax return has been moved from April 15, 2020 to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020 (including first quarter 2020 estimated federal income tax payments), to July 15, 2020, without penalties and interest, regardless of the amount owed.
This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax. It is expected that states, including Missouri, will follow this new filing deadline as well.
Taxpayers do not need to file any additional forms to qualify for this automatic tax filing extension and payment relief.
Although the filing deadline has been moved to July 15, 2020, we will continue working to complete tax returns in a timely manner. As we continue to monitor the issues related to the COVID-19 virus, we will keep you informed of any further information as it is released.
If you should have any questions, please feel free to contact our office anytime. We thank you for the trust you have placed in us, and we hope you and your family stay safe and healthy.