Some Good News: Tax Deadlines Have Been Extended to July 15, 2020 – But Beware the Traps!
The economic uncertainty caused by the Coronavirus extends to income tax obligations, especially in light of the upcoming April 15 deadline for filing income tax returns. IRS Notice 2020-18 and Notice 2020-58 give some relief to taxpayers by allowing extensions to file tax returns and pay income taxes. Here are some highlights that now apply to the current tax filing season:
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