New Tax Deadline Details Released

UPDATED: April 10, 2020 - The IRS recently issued Notice 2020-23, which provided additional relief for tax filing and payment deadlines between April 1^st, 2020 and July 15^th, 2020. One of the most significant parts of the Notice is that 2^nd quarter estimates, which were originally due June 15^th, 2020, are now deferred to July 15^th.  This information is especially important for those who have already filed their return. Note that some other payment and filing deadlines have been extended as well.

ORIGINAL POST: March 23, 2020 - Following Treasury Secretary Steve Mnuchin’s announcement early Friday morning extending the tax deadline, the Treasury released Notice 2020-18 providing details on the deadline extension.

We will continue to monitor the various states to determine if they will follow suit. Minnesota Governor Walz announced an intention to follow suit in his press conference on Friday, March 20, 2020, but clarified later that the state had not fully vetted the decision.

Taxpayers expecting refunds will still benefit by filing as soon as they are able. We will continue to monitor and provide additional details related to this year’s tax filing season as they become available.