As directed by President Trump, all individuals and businesses will have this additional time to file and make payments.
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Louisiana has announced various forms of Business relief available.
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In response to the COVID-19 declared emergency, the IRS has announced that federal income tax payments due on April 15, 2020 are automatically extended for three months to July 15, 2020. This includes balances due on 2019 individual and corporate income tax returns as well as the first quarterly estimated payment of 2020.
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At Faulk & Winkler, we are deeply aware of the potential impact of the coronavirus (COVID-19). We are taking steps to provide for the continuity of our client services and the safety of our employees and clients as we navigate through the uncertainly of the outbreak.
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We are monitoring the latest statements from the Federal Government in regards to a proposed 2020 Payroll Tax cut and delay of the upcoming April 15th tax filing deadline.
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