The IRS is also working with a depleted workforce as a result of service center closures and social distancing procedures. <\/p>\n
The new extension applies to tax returns and payments for tax-exempt organizations and fiscal-year businesses, including partnerships, that are normally due between April and June.<\/p>\n
In addition, tax return and payment deadlines for estate taxes and associated gift taxes, typically due within nine months from the date of death, qualify for the same relief.<\/p>\n
For all taxpayers, Treasury and IRS also extended 270 administrative deadlines to July 15.<\/p>\n
They also made that the deadline for tax preparers who lack professional credentials to apply for a voluntary education program.<\/p>\n
One of the groups that pushed hardest for the wide-ranging extensions, the American Institute of CPAs, welcomed the moves but said the IRS should be prepared to provide more relief.<\/p>\n
Barry Melancon, the group's president and CEO, said \"we continue to urge Treasury and IRS to develop a contingency plan for the next phase of relief should that be needed. As a country, we should not risk anyones life to meet tax filing obligations.<\/p>\n
<\/p>\n
Continue reading here: <\/p>\n
Hundreds of additional tax deadlines reset to July 15 - POLITICO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The IRS is also working with a depleted workforce as a result of service center closures and social distancing procedures. The new extension applies to tax returns and payments for tax-exempt organizations and fiscal-year businesses, including partnerships, that are normally due between April and June. Continue reading