IRS Delays Tax Deadline by 90 Days: How This Affects You

In response to the Covid-19 infection, U.S. tax payers are getting a full 90 day tax payment deferment from the IRS. This applies to income taxes due up to $1 million

Corporations have been given the same deferment period on taxes owed up to $10 million.

Even better news: During this deferment period, you will not be subject to the same penalties and interest that would normally come with late payment to the IRS.

Word of warning: Even though you have an unprecedented opportunity to pay your taxes later, you are still require to file your tax extension by April 15th!

See full report here:
https://www.cnbc.com/2020/03/17/treasury-and-irs-to-delay-tax-deadline-by-90-days.html

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