Tag Archives: COVID-19

How Will COVID-19 Affect Your Taxes?

Here are some responses to commonly asked questions concerning COVID-19 and taxes.

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Filing Deadline Extended to July 15

U.S. Treasury Secretary announces on Twitter This morning, U.S. Treasury Secretary Steven Mnuchin announced via Twitter: “At @realDonaldTrump’s direction, 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.” We expect the IRS will issue official guidance

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Franek Tax Services, Tax Return Preparation, Cary, NC