News & Analysis as of

Tax Returns Tax Penalties Coronavirus/COVID-19

McDermott Will & Schulte

Potential Refund Opportunity for Interest and Penalty Amounts Accrued During COVID-19 Federally Declared Disaster

Taxpayers who made payments to the Internal Revenue Service (IRS) that included underpayment interest and/or failure-to-file/pay penalties that accrued during all or part of the period between January 20, 2020, through July...more

McDermott Will & Schulte

Weekly IRS Roundup September 19 – September 23, 2022

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 19, 2022 – September 23, 2022....more

McDermott Will & Schulte

Weekly IRS Roundup September 12 – September 16, 2022

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 12, 2022 – September 16, 2022...more

ArentFox Schiff

Federal Penalty Relief for Certain 2019 and 2020 Tax Returns Filed on or Before September 30, 2022

ArentFox Schiff on

The US Internal Revenue Service (IRS) recently released Notice 2022-36, in which the IRS announced that it is automatically waiving (and automatically abating, refunding, or crediting, as appropriate) penalties for failure to...more

Greenberg Glusker LLP

IRS Issues Notice Providing for the Delay of Federal Tax Filings and Federal Tax Payments

Greenberg Glusker LLP on

Although it has occurred sporadically – Notice 20-17 on March 18, Notice 20-18 on March 21, Notice 20-20 on March 27 – the IRS has finally issued comprehensive (almost) guidance in Notice 20-23 on April 9 providing for the...more

Bass, Berry & Sims PLC

Tennessee Extends Business Tax Deadlines in Response to COVID-19

In response to ongoing COVID-19 developments, the Tennessee Department of Revenue (TDOR) has announced that it will extend the deadline for taxpayers to file business tax returns originally due on April 15, 2020 to June 15,...more

Butler Snow LLP

Mississippi DOR Responds to Requests to Relief

Butler Snow LLP on

The Mississippi Department of Revenue is aware of the new pressures on the business community and state governments in responding to the COVID 19 pandemic. We are committed to doing what we can to help provide relief and...more

Foster Garvey PC

Treasury Delivers Some More Good News – Notice 2020-20

Foster Garvey PC on

On March 13, 2020, President Trump issued an emergency declaration that, in part, instructed the U.S. Department of the Treasury (“Treasury”) to provide taxpayers with “relief from tax deadlines” due to the impact of the...more

Foster Garvey PC

The Oregon Department of Revenue Has Now Granted Relief to Oregon Taxpayers

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In accordance with ORS 305.157, the director of the Oregon Department of Revenue (“DOR”) ordered an automatic extension of the 2019 tax year income tax filing and payment due dates. Oregon now joins several other states and...more

McAfee & Taft

Oklahoma ad valorem tax payment deadline extended due to COVID-19

McAfee & Taft on

Governor Kevin Stitt and State Auditor Cindy Byrd have requested that all county treasurers in the State of Oklahoma extend the ad valorem tax payment deadline until April 30, 2020. Governor Stitt and Auditor Byrd also...more

Snell & Wilmer

Arizona Postpones State Income Tax Filing and Payment Due Dates from April 15 to July 15

Snell & Wilmer on

On Friday, March 20th, consistent with U.S. Treasury Secretary Steve Mnuchin’s announcement that the Internal Revenue Service (IRS) has moved the deadline for 2019 federal tax returns to July 15, 2020, the Arizona Department...more

Burr & Forman

South Carolina Further Extends 2019 Income Tax Filing and Payment Due Dates

Burr & Forman on

On March 17, 2020, the South Carolina Department of Revenue announced, through SC Information Letter #20-3, that all South Carolina tax filing and payment deadlines starting on April 1, 2020 were extended to June 1, 2020. ...more

White and Williams LLP

IRS Announces Income Tax Filing and Payment Relief due to Coronavirus Pandemic

White and Williams LLP on

The Treasury Department and Internal Revenue Service (IRS) have brought clarity to the 2019 income tax return filing and tax payment due dates. President Trump previewed the planned income tax relief in his March 13, 2020...more

Akin Gump Strauss Hauer & Feld LLP

Federal Income Tax Payment and Filing Deadline Delayed to July 15 Amid COVID-19 Crisis

On March 20, 2020, the Internal Revenue Service (IRS) released Notice 2020-18 (the “IRS Notice”), which provides relief from federal income tax payment and filing deadlines to U.S. taxpayers in light of the COVID-19...more

Buchalter

Tax and Benefits Update COVID-19

Buchalter on

Local, state, and federal governments are taking swift action to utilize, expand, and enact tax relief to address hardships caused by the Covid-19 pandemic. These actions include tax filing and payment extensions, such as the...more

Bracewell LLP

COVID-19 Tax Update: Tax Return Filing and Tax Payment Relief

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Last week, in a pair of notices released under President Trump’s March 13, 2020 Emergency Declaration relating to the coronavirus pandemic, the IRS and the Treasury Department offered relief for tax return filing and tax...more

McAfee & Taft

Oklahoma Tax Commission defers tax payments due to COVID-19

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The Oklahoma Tax Commission has followed the guidance issued by the Internal Revenue Service to allow individual taxpayers to defer up to $1 million of income tax payments due on April 15, 2020, until July 15, 2020, without...more

Foster Garvey PC

Treasury Delivers Some Good News in a Time When Good News Is Rare

Foster Garvey PC on

On March 13, 2020, President Trump issued an emergency declaration, which in part instructed the U.S. Department of the Treasury (“Treasury”) to provide taxpayers with “relief from tax deadlines” due to the impact of the...more

Burr & Forman

IRS Extends 2019 Income Tax Payment Deadline – But Not Date for Filing 2019 Federal Income Tax Returns

Burr & Forman on

In response to the COVID-19 Coronavirus pandemic, Treasury Secretary Steven Mnuchin announced Tuesday that Americans will have until July 15th to pay their 2019 federal income taxes – and without late payment penalties or...more

McAfee & Taft

COVID-19: Fast Facts on the Tax Front

McAfee & Taft on

Earlier this week, U.S. Treasury Secretary Steven Mnuchin announced that the Internal Revenue Service would be delaying payment deadlines for federal income taxes until July 15, 2020. At the urging of tax preparers and...more

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