As the coronavirus pandemic continues to sweep across the world, our normal procedures and lifestyles have been forced to adapt. The United States 2020 Tax Season is no exception.
On March 17, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the Internal Revenue Service (IRS) will extend the 2020 Tax Payment deadline. This tax extension was created to alleviate taxpayers coping with the pandemic and minimize economic upheaval. Yet, it’s an extension that has also invited confusion.[Read more…]