Tag Archives: Tax deadline

Tax deadline extension announced in response to coronavirus scare | Small Business Trends

The IRS announces a tax deadline extension of 90 days to July 15 interest and penalty-free to help individuals and businesses affected by the coronavirus pandemic.

As Treasury Secretary Steven Mnuchin said Tuesday in the briefing about the coronavirus, individual taxpayers and small businesses can delay paying their income taxes on as much as $1 million for up to 90 days. The sum goes up to $10 million for corporations.

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