Current Update on Tax Deadlines
The IRS has announced a 90-day extension of time to file and pay 2019 income taxes that were otherwise due on April 15th. The new deadline to file and make payments is July 15, 2020. This is only applicable as long as the aggregate amount is not over $1 million for individual taxpayers and it is not over $10 million for businesses. Associated interest, additions to tax, and penalties for late payment will be suspended until July 15, 2020.
The first quarter 2020 estimate payments that were due on April 15, 2020 are also included in this deferral, however the 2nd quarter estimates will still be due on June 15, 2020.
Our team at MNMW is working constantly to bring you the most recent news and updates related to the COVID-19 crisis that could impact you and your loved ones. In a continuing effort to maintain the health and safety of our valued clients, our team, and the community and to cooperate with the advice of health officials, MNMW office will be closed until further notice.
For more information you can visit our MNMW Coronavirus (Covid-19) Resource page with the button below or call in at (239) 433-5554.