COVID-19: IRS and States Extend Tax Payment Deadlines

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.