Published On: March 22, 2020
According to the IRS:
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed.
IR-2020-58, March 21, 2020 – The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.
Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
IR-2020-57, March 20, 2020 – Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees
Tax Time Guide: Guard personal, financial and tax information year-round
IR-2020-56, March 13, 2020 — The Internal Revenue Service today reminded taxpayers to remain vigilant with their personal information by securing computers and mobile phones.
IRS announces waivers for Offer in Compromise applications
IR-2020-55, March 12, 2020 — The Internal Revenue Service today announced the release of final regulations that increase the Offer in Compromise application fee to $205 and provide an additional way for the IRS to waive the Offer in Compromise application fee for low-income taxpayers, based on their adjusted gross income (AGI).
States are still working out their own changes
Some states had already moved filing deadlines and, with Mnuchin’s (US Secretary of the Treasury) latest move, it’s possible that others will follow accordingly. Staying on top of that is a lot like herding cats, but ConsumerAffairs search for a good guide on the situation turned up the state-by-state filing guidance from the American Institute of CPAs. That guide also has links to each individual state’s updates as they become available.
About the Author: Diane Drain
Diane is a well respected Arizona bankruptcy and foreclosure attorney. As a retired law professor, she believes in offering everyone, not just her clients, advice about bankruptcy and Arizona foreclosure laws. Diane is also a mentor to hundreds of Arizona attorneys.
*Important Note from Diane: Everything on this web site is offered for educational purposes only and not intended to provide legal advice, nor create an attorney client relationship between you, me, or the author of any article. Information in this web site should not be used as a substitute for competent legal advice from an attorney familiar with your personal circumstances and licensed to practice law in your state. Make sure to check out their reviews.*
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You and Jay are the best attorneys I have ever had or needed and thank God for the Honorable Robert Gottsfield in recommending you folks – I would have never made it through the entire process without you and Jay and God Bless you both always and stay in touch as well. You folks are the BEST OF THE BEST in Arizona.
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Published On: March 6, 2023
PEOPLE MAY WANT TO FILE A TAX RETURN – EVEN IF THEY ARE NOT REQUIRED TO DO SO Posting from the IRS IRS Tax Tip 2023-27, March 2, 2023 [...]
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Protection of Stimulus Payments from a Bankruptcy Trustee The following is from the NCLC Consumer Law Implications of the American Recovery Plan Act Public Law No. 116-260, Consolidated Appropriations Act of 2021, div. FF, [...]
Published On: March 8, 2021
With Protections Expiring, Millions are in Danger of Losing Their Home by: Jann Swanson Mortgage News Daily, Mar 2 2021, 9:17AM (Reprint for education purposes only) What happens to homeowners [...]
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