Under newly revised tax guidelines for 2019 returns, you will have until July 15, 2020 to file and remit payments in full to the Internal Revenue Service without incurring penalty and interest. We anticipate the States will follow suit; however, we have not been given that information. In addition, there is the potential the Internal Revenue Service will be extending the payment due dates for both the April and June 15, 2020 estimated tax payment dates.

This is an ongoing and evolving situation as the Treasury Department is still working to finalize guidelines. As we are provided information, we will pass it along. We will also be sending information to our clients via email. If you would like to provide or update your email address, please send that to either renee@rabcpa.com or stacie@rabcpa.com.

Here are links to more information on deadlines and filing………CNBC; AICPA; USA Today