On July 15, 2020, taxpayers will be faced with the trifecta of the due dates for their federal tax reporting and payment obligations for 2019 and the first and second quarters of 2020. In response to the COVID-19 crisis, the IRS provided tax relief in the form of an extension of federal tax filing and payment obligations.
In response to the COVID-19 crisis, the California Franchise Tax Board (“FTB”) has followed the IRS’ lead and given taxpayers penalty-free extensions to July 15, 2020 to file and pay their California tax obligations for 2019 and for the first two quarters of 2020.
Due the COVID-19 pandemic, the U.S. Treasury Department and the Internal Revenue Service (IRS), have extended the deadlines to file a refund claim and to bring suit upon a claim for refund.
The IRS continues to provide relief to taxpayer as a result of the COVID-19 pandemic. Today, April 9, 2020, the IRS expands this relief to additional returns, tax payments and other actions.
IRS temporarily adjusts and suspends key compliance programs to help people facing the challenges of COVID-19 issues.