Fairman Group Educates Clients About IRS Deadline Extension
The novel coronavirus (COVID-19) has caused a significant interruption to our country over the last few weeks. On March 18, the US Treasury issued Notice 2020-17 which provides new measures to assist taxpayers with their upcoming April 15 tax payments. Taxpayers may now defer up to $1,000,000 of their Federal tax liability. This was originally due on April 15, but is now extended until July 15 without interest or penalties.
Fairman Group Family Office will continue to monitor and provide updates as more information becomes available. If you have questions about your April 15 payment or filing obligations, they will happily discuss them with you.