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COVID-19: IRS Dramatically Expands Filing and Payment Relief

May 18, 2020

Here’s some important news you should know now…

Due to the impact of the COVID-19 pandemic, the IRS has issued guidance that allows you to postpone almost all tax-related actions for several months!

The tremendous financial relief the IRS has granted, helps you with tax-return filing deadlines, tax-payment deadlines, and deadlines for hundreds of time-sensitive actions you need to take.

Want to learn how to take advantage of these extraordinary tax-relief benefits, and lots more, read my new article titled Tax Tips: COVID-19: IRS Dramatically Expands Filing and Payment Relief.

  1. We’ll explain how the tax-return filing postponement works. You qualify for the postponement if you’re an individual taxpayer, a trust or estate, or a partnership or corporation.

You now have until July 15, 2020, to file your tax return if you are one of the taxpayers we just named and have a federal tax return filing-obligation ordinarily due on or after April 1, 2020 and before July 15, 2020.

We’ll give you details about this postponement and much more when you read the full article.

  1. We’ll tell you about which time-sensitive actions the IRS has postponed. There are hundreds of them! Here’s a short list you should know about…

  • Form 1040, Form 1040-NR, Form 1040-PR, and Form 1040-SS
  • Form 1120, Form 1120-S, and all other Form 1120 series returns
  • Form 1065 and Form 1066
  • Form 1041 and all other Form 1041 series returns
  • Form 706 and all other Form 706 series returns
  • Form 8971
  • Form 709, and
  • Form 990-T and Form 990-PF

We’ll tell you the whole story when you read the full article.

  1. We’ll provide a lot of other important information too. Here’s just some of what we’ll cover:
    • We’ll give you the facts about forms you may need, (there are eight of them!)
    • payroll taxes and returns
    • Form 990 confusion
    • And much more!

All will be explained when you read the full article,
COVID-19: IRS Dramatically Expands Filing and Payment Relief

 

Filed Under: Extensions, Filing tips, Tax Planning

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