The IRS Announced An Extension of the Deadlinefor Filing and Paying Taxes Until May 17
In the next few days, the IRS will announce the new measures so that everyone is aware of the new processes to follow when filing taxes.
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In the next few days, the IRS will announce the new measures so that everyone is aware of the new processes to follow when filing taxes.
On March 17, the Department of the Treasury, together with the Internal Revenue Service (IRS), announced the extension for the filing of federal taxes, corresponding to the period of 2020.
Although an extension had been proposed in the first instance until April 15, this decision was finally extended for the benefit of taxpayers.
In the next few days, the IRS will announce the new measures so that everyone is aware of the new processes to follow when filing taxes.
“In times where people continue to experience the ravages of the pandemic, the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to this situation that affects millions of Americans while working. with significant tax administration responsibilities, “revealed IRS Commissioner Chuck Rettig.
It should be noted that taxpayers will be able to defer their federal tax payments, corresponding to last year, without having to pay penalties or interest, and regardless of the value of the payment. This new measure will be applied to all taxpayers.
It is important to note that as of May 17 of this year fines and interest will be generated.
Also, individual taxpayers will not have to file forms or contact IRS offices to qualify for this federal tax return.
For more information, be sure to contact the team of specialists at Concord Travel & Tax Services today at 704-707-3879.Remember not to wait until the last day to prepare all your tax documentation.
