Congress asked for an update about how the coronavirus is affecting the tax return filing season as rumors fly about extending the deadline
The Secretary may grant a reasonable extension of time for filing any return, declaration, statement, or other document required by this title or by regulations.
The letter also suggested that the IRS"consider the need for relief from certain filing and payment penalties for taxpayers and communities impacted by COVID-19." COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. ,"This new virus and disease were unknown before the outbreak began in Wuhan, China, in December 2019." As of March 11, 2020, the WHO had confirmed 118,162 cases in 113 countries.
Last week, the IRS noted that it was monitoring the coronavirus and will"promptly respond to any emerging situations to protect our employees and taxpayers interacting with the agency." when computer system issues popped up on the tax deadline. That year, the IRS gave taxpayers an additional day to file and pay their taxes.
So far, there has been no official proposal in Congress to extend the deadline in 2020. As of today, the deadline for filing remains April 15, 2020. The IRS advises that"Taxpayers should continue to file and submit tax returns as they normally would." If you need more time, consider
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