Treasury Department Extends 2019 Tax Payment Deadlines

As reported by Bloomberg Tax, on Tuesday, March 17th, the U.S. Treasury Department announced their decision to extend the IRS 2019 tax payment deadlines for U.S. taxpayers.  According to Treasury Secretary Steven Mnuchin, the IRS tax payment deadlines will be extended by an additional ninety (90) days for individuals owing $1 million or less in tax debt for 2019, and for corporations owing $10 million or less in tax debt for 2019. Mr. Mnuchin advised taxpayers: “All you have to do is file your taxes. You’ll automatically not get charged interest and penalties.” 

Note, the extended deadlines do not apply to filing tax returns. The tax return filing deadline for individuals and corporations (not including pass-through entities) is still April 15th. Taxpayers seeking an extension to file their tax returns will have to submit an IRS Application for Automatic Extension of Time to File.

If you have unfiled tax returns, or owe back taxes, call or contact the dual licensed attorney-CPAs at Daniel Rosefelt & Associates to help you get back into compliance with the IRS and resolve your tax debts .