Tax Filing Deadline Moved to July 15

U.S. Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filing deadline will be moved to July 15, 2020 from April 15, 2020, because of the coronavirus (COVID-19) outbreak.

At President Trump’s direction, Mnuchin announced on Twitter, “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties.”

Previously, the U.S. Treasury Department and the IRS had announced that taxpayers could defer making income tax payments for 2019 and estimated income tax payments for 2020 due April 15 (up to certain amounts) until July 15, 2020. Now, the federal government is stating that you don’t have to file a tax return by April 15.

Although the deadline to file has been adjusted, we continue to assist clients with their business and personal tax filing obligations. We encourage you to upload your documents through the Whittlesey website and clicking on Client Portal. If you need assistance uploading your documents to the portal, please email Whittleseyportal@wadvising.com.

Whether receiving a tax refund as quickly as possible, or planning for tax payments due, our tax professionals are helping clients navigate these changes.

Please contact your Whittlesey advisor to discuss further.

Disclaimer: Our content, comments, and answers to questions should not be construed as specific advice for your particular situation. The statutes and rules related to the SBA lending provisions and other programs are complex and you should consult with your financial and tax advisors for guidance regarding the application of the law to your particular facts and circumstances.