IRS offers new details about deferring tax payments during the coronavirus outbreak
WASHINGTON—The Internal Revenue Service began providing details for taxpayers to defer their April 15 payments to July 15, offering relief to people who owe income taxes for 2019 or estimated income taxes for the first quarter of 2020.
The official notice follows President Trump’s national-emergency declaration over the coronavirus outbreak and invokes powers usually used locally after natural disasters. Treasury Secretary Steven Mnuchin said the move would delay about $300 billion in payments.
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