Tax Return Due Date and Extension Changes

U.S Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filings deadline will be moved to July 15, 2020 from April 15, 2020, because of the coronavirus (COVID-19) outbreak. Previously, the Secretary extended the April 15, 2020 payment date to July 15, 2020.  Now the tax return deadline has been extended.

So, extensions due April 15, 2020 are not due at April 15, 2020, they would be due July 15, 2020.

Image result for steve mnuchin

We are working remotely on all tax returns, as we need to complete returns and projects to get all tax returns and projects done before all the revised due dates and extended due dates.  So, please continue to send in your tax information.  Also, some bank covenants require tax returns to be sent to the banks by a certain date unless the bank provides a revision.