SeeSALT attorneys Carley Roberts & Mike Le partnered with their Pillsbury tax colleagues Nora Burke & Hannah Hollingsworth to detail the impact of COVID-19 on the IRS and States Extended Tax Payment Deadlines.
Takeaways of the recent article include:
- The IRS announced that individuals and businesses may defer both federal income tax payments and filings due April 15 until July 15, without any cap on tax liability.
- California updated its tax extension to follow the IRS’s extension.
- Many other states are starting to align with the IRS’s extension or have announced other tax relief.
For the full article, please click here.