Juanitas Income Tax

At this time, the IRS has not released details on the proposed change from the treasury department. Returns are still due to be filed by April 15, 2020. An extension can be requested which would extend the time to file until October 15, 2020. To avoid late payment penalties and interest, payments are expected to be made by April 15, even if an extension of time to file is approved. The treasury department has proposed waiving the interest and penalties for returns that have ...a balance due for a period of 90 days. This would extend the time to pay until July 15, 2020. Individual taxpayers who will receive a refund have been encouraged to file their return to claim a refund. Generally there is no failure to file penalty charged for taxpayers who qualify for a refund. The IRS has provided the following website for updates related to the coronavirus: Coronavirus Tax Relief.

2020 Tax Season is scheduled to begin on Monday January 27th. On this day, the IRS will begin accepting and processing 2019 tax year returns. Tax professionals can begin preparing tax returns now, but the IRS systems will not begin accepting returns until the 27th.2020 Tax Season is scheduled to begin on Monday January 27th. On this day, the IRS will begin accepting and processing 2019 tax year returns. Tax professionals can begin preparing tax returns now, but the IRS systems will not begin accepting returns until the 27th.

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