U.S. Secretary of Treasury Steven Mnuchin announced today the tax deadline for U.S. taxpayers will be extended to July 15, 2020. This was at the direction of the Trump administration in an effort to provide additional time to file and make payments without interest or penalties amid the current Coronavirus (COVID-19) pandemic.
Additionally, Congress is currently working on a stimulus plan intended to deliver critical financial aid to U.S. businesses and the American public, which is expected to be unveiled in the coming days.
The IRS has not yet announced details related to the said filing deadline extension, but Doeren Mayhew’s tax advisors will continue to closely monitor the situation and keep you updated.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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