With the coronavirus (COVID-19) pandemic impacting every sector of our economy, the Trump Administration has just announced that the U.S. Treasury and IRS will extend both the April 15th tax filing deadline and any tax payments by 90 days to July 15th this year on up to $1 million in income. In reaction, Keith Hall, the president and CEO of the National Association for the Self-Employed (NASE), the nation's leading advocate and resource for the self-employed and micro-businesses, welcomed the relief, but also encouraged the small business community to aim to “complete and file your 2019 tax returns by the original April 15th deadline, if possible, but know more time is available if you need it or are impacted by COVID-19.” NASE has developed a COVID-19 resource page for small businesses impacted by the virus.
Mar 20, 2020
Read Full Story