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April 15

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President Announces 90 Day Extension to Pay

As part of Coronavirus relief, President Donald Trump announced a 90-day extension for Individuals and Corporations to pay certain tax payments. Critically: at this time, it may be that this is only an extension to pay, and not an extension to file. There is much that is unknown, and we are seeking guidance from the IRS. However, it was announced that the IRS will not invoke penalties and interest on tax payments under $1 million for individuals and $10 million for corporations.

It is our recommendation that taxpayers make their best efforts to get us relevant 2019 tax year information as soon as possible.

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