Hartford, CT: COVID-19 and paying your taxes
By Joseph Orabona, Your defense against the IRS
(Vector Tax & Accounting LLC)
Yesterday the Treasury Secretary made an announcement. Within minutes articles were being published and many of them were inaccurate or misleading. With how rapidly the news cycle flows these days many skim something or only half understand it and off they go to publish an article.To date, no official policies have been set and no guidance from the IRS has been issued. Based on the Secretary’s comments, what is expected is that the filing deadline of April, 15 will not change but the payment deadline will be extended into July. This won’t have an impact on those expecting refunds. However, if you owe, you will likely have extra time to pay your balance due if you need it. That’s the only aspect we expect to happen. There’re still several areas that remain unclear.What about the 4/15 and...
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