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IRS Provides Comprehensive Relief to Taxpayers

IRS Provides Comprehensive Relief to Taxpayers

by Scott Lawrence

By April 13, 2020September 18th, 2021Insights

On April 9, 2020 the IRS issued Notice 2020-23 which significantly broadens its relief to taxpayers in response to the ongoing coronavirus pandemic. All taxpayers with a federal filing or payment deadline (original or pursuant to a valid extension) on or after April 1, 2020, and before July 15, 2020, have until July 15, 2020 to file the returns and make payments without penalties or interest. While the previous notices generally postponed until July 15, 2020 the time to file and pay federal income taxes due on April 15, 2020, the new guidance amplifies this relief to include additional returns, forms, tax payments and other actions. The expansive relief in Notice 2020-23 was welcomed by tax professionals who have been urging the IRS and the Department of Treasury to provide all-inclusive tax deadline relief.

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