IRS Delays Tax Day to July 15, Still Monitors CryptoLike other financial markets, crypto investors have seen wild swings and devaluations in recent weeks as Coronavirus, also known as COVID-19, issues have hit many people all over the world. With safety concerns paramount, it can be easy to forget for a time about more pedestrian issues like taxes. But taxes won’t go away entirely. The United States Internal Revenue Service’s main tax filing deadline remains as April 15, but there is a 90-day reprieve on payments to the IRS until July 15, according to IRS Notice 2020-17.
Does this mean you don’t have to file by April 15? For much of this week, taxpayers and their tax preparers were gearing up for a situation where tax returns were due on April 15, but payment on those returns wouldn’t be due until July 15. The extension of the filing deadline to July 15 to match the extended payment deadline has happened much more recently. Indeed, presently, the “announcement” of the filing extension consists of two tweets made by the Secretary of the U.S. Department of the Treasury Steven Mnuchin.
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Source: Cryptocurrency - investing.com
