IRS extends tax filing deadline to July 15 as coronavirus spreads, Mnuchin says

More relief for individuals and small businesses.  Key Points –

  • The Internal Revenue Services moved the national income tax filing day ahead to July 15, three months after the normal deadline for Americans to send in their returns.
  • Treasury Secretary Steven Mnuchin announced the move, the latest emergency measure to deal with the financial fallout of the coronavirus pandemic.
  • The extension will give “all taxpayers and businesses” more time to file returns and make tax payments “without interest or penalties,” Mnuchin said.

However, those individuals who expect to receive a refund, should still file on April 15, 2020 in order to get their refunds as soon as possible.

If you or your business needs assistance, please contact one of your Chicago business attorneys.