Taxation & Estate Planning

Will the Income Tax Return Filing Deadline be Extended Due to the Coronavirus?

By Charles Rubin

It seems likely. It would be unprecedented (to my knowledge) for there to be a national extension, but of course such extensions are regularly granted to regions afflicted by disasters from time to time.

President Trump indicated last week that he was instructing Treasury to allow for deferral of tax payment deadlines, but what I have read on that only mentioned payments and not filing due dates. There are also a number of members of Congress calling for an extension. And President Trump has now declared a national emergency. So things do seem to be lining up for a gift to procrastinators everywhere.

Full post as published by Rubin on Tax on March 14, 2020 (boomark / email).