The Internal Revenue Service announced yesterday evening (March 20, 2020), the removal of the $1 million individual $10 million corporate limitations on the 90 day extension to pay income taxes due April 15, 2020. All income tax payments that were due April 15, 2020, are now due July 15, 2020.
Congress is currently working on an economic stimulus package that proposes additional tax related changes with most states doing the same. We will continue to monitor the situation and post additional developments as we receive them.
What Government Agencies Are Doing in Response to the Coronavirus
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