The IRS will now allow individual and corporation tax payments to be delayed by 90 days after the April 15 tax filing deadline.
- Individuals may defer payments up to $1 million.
- Corporations may defer payments up to $10 million.
- All tax filings must still meet the April 15 deadline. This deferment applies only to payments.
- The deferment is automatic.
We suggest you consult the official IRS website for further instruction if needed.
EDD INFORMATION: The EDD (Employment Development Department) has put together some resources for employees that may out of work complete or have reduced hours due to COVID-19. Visit the official EDD webpage.
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