Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019 Pandemic (US Tax)

We would like to take a moment to inform you regarding the recent corporate tax developments as a result of COVID-19.

On March 18th, the Treasury and IRS have announced that the due dates for tax payments for both corporate and individuals would be extended.

On March 20th, the Treasury and IRS announced that the tax filings and payments for all federal income taxes, due on April 15, 2020, will be extended to July 15, 2020.

As of this moment, there has not been any guidance for fiscal year filers. When more information becomes available, we will pass on the information.

https://home.treasury.gov/news/press-releases/sm953

In regards to state tax returns, please refer to the AICPA (American Institute of Certified Public Accountants) which has a summary of the new state filing deadlines.

Please be aware that many states are in the process of updating their deadline as a result of COVID-19.

https://www.aicpa.org/content/dam/aicpa/advocacy/tax/downloadabledocuments/coronavirus-state-filing-relief.pdf

Please feel free to contact us if you have any questions or concerns.

Featured Articles

Stay up to date on a variety of topics including Japan market entry, global tax and accounting, transfer pricing, and much more. Our featured articles are updated regularly and include the latest insights on global business.

hls-global-accounting-firm-logohls-map-blue2

Get Our Brochure

Learn even more about why we are the global accounting and advisory firm you can trust.

Follow Us On LinkedIn

Copyright © HLS Global 2017 | Disclaimer | Privacy Policy