What Should You Do if You Receive an IRS Collection Letter? March 16, 2021 Ryan M. Gaylord John A. Cocklereece, Jr. Tax Controversy Law Receiving a tax collection letter from the Internal Revenue Service (IRS) can be very stressful, especially if you do not feel that you have the funds to repay the debt.
Tax Filing Deadline Extended to July 15, 2020 March 20, 2020 John A. Cocklereece, Jr. Tax Controversy Law COVID-19 Legal Insights Earlier this week, the Treasury announced that the tax payment deadline of April 15, 2020, had been extended to July 15, 2020. This did not include an extension of the filing deadline of April 15, 2020. In other words, the usual filing deadlines still applied, but one could defer payment of any taxes owed until July 15, 2020. News reports indicate that the filing deadline is going to be extended:
IRS Notice: Delay in Paying Taxes Implemented Due to Coronavirus March 18, 2020 John A. Cocklereece, Jr. Tax Controversy Law COVID-19 Legal Insights The IRS announced today that the due date for paying taxes is pushed back to July 15 for individuals and businesses due to the coronavirus emergency. The return filing deadline remains April 15, 2020. Corporations and consolidated groups can postpone up to $10 million in tax payments while all other taxpayers can postpone up to $1 million, the IRS stated.
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