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Need more time to pay your 2019 IRS tax bill?

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On March 17, 2020 Treasury Secretary Steven Mnuchin, announced that tax payments up to $1M for Individuals and up to $10M for Corporations can be deferred for 90 days. Additionally, it is important to note that Interest and penalties will not accrue during this time period. Eligibility for the deferral depends on timely filing of the individual and business tax returns.

Categories: Tax Tips