Today, during the daily White House briefing on the coronavirus, the Secretary of the Treasury Mnuchin announced that IRS payments can be deferred for 90 days interest and penalty free. He stressed that tax returns still be filed timely, especially if a refund is expected. File electronically and process through direct deposit for the most efficient way to receive the refund.
Stay tuned for more information as it become available from the IRS and Congress.
We at Aces & Associates, LLC are working to stay updated on all developments pertaining to any tax related changes. If you have questions, please Contact Us TODAY at Aces & Associates, LLC and let us help!