The IRS is extending the April 15 tax filing deadline to July 15 in response to the COVID-19 pandemic, Treasury Secretary Steven Mnuchin announced on Friday, March 20.
All taxpayers and businesses will have the additional time to file and make payments without interest or penalties. The IRS urges taxpayers owed a refund to file as quickly as possible.
Earlier in the week, the AICPA requested a deadline extension to reflect the real-world difficulties taxpayers and tax practitioners are experiencing in the wake of the pandemic.
This is great news for practitioners, and it’s a great tribute to the combined advocacy work of the WICPA, state CPA societies, AICPA and all our members.