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Treasury announced a 90 day extension for paying individual and subchapter C corporate income taxes

Dominick Feld Hyde attorneys are working to keep you updated on any issues that our clients may be concerned about. Please feel free to call your attorney with any questions or concerns.

Yesterday, in response to the Covid-19 pandemic, the Treasury Secretary Steven Mnuchin just announced a 90 day extension for paying individual and subchapter C corporate income taxes for the 2019 tax year. This extension applies for up to $1,000,0000 in taxes owed by individuals and $10,000,000.00 for c corporations.

https://news.bloombergtax.com/daily-tax-report/treasury-delays-april-15-tax-deadline-by-90-days-for-millions

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