March 20, 2020 — The deadline for individuals and businesses to file their income taxes will shift from April 15 to July 15, Treasury Sec. Steven Mnuchin announced today. Previously, the U.S. Treasury Department and the IRS had announced that taxpayers could defer making income tax payments for 2019 and estimated income tax payments for 2020 due April 15 (up to certain amounts) until July 15, 2020. Now, the federal government is stating that you don’t have to file a return by April 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.undefined
Our recommendation: Taxpayers who are expecting refunds are strongly encouraged to file as soon as possible. As we’ve mentioned previously, Porte Brown has the procedures and technology in place to accommodate our clients’ needs during this time.
All of us at Porte Brown are here for you. Please continue to take care of yourself, your family, and your business. If you have any additional questions please call us at 847-956-1040, email your Porte Brown accountant/representative, message us using the Contact Form.
Get in touch today and find out how we can help you meet your objectives.