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:
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