Like you, Landmark has been monitoring the COVID-19 developments closely. Considering the time of year with the upcoming tax deadline along with the health and safety of our employees and clients, maintaining operations is a priority.
Businesses across the country are being affected by the coronavirus (COVID-19). Fortunately, Congress recently passed a law that provides at least some relief.
The IRS released Notice 2020-17 providing additional information related to the extension of the deadline for Federal income tax payments.
Congress has passed and the President has signed the Families First Coronavirus Response Act.
Treasury Secretary Steven Mnuchin announced that individual taxpayers who owe up to a million dollars in federal taxes can defer paying until July 15.