close
Share with your friends

COVID-19 — U.S. pushes back tax payment deadline

COVID-19 — U.S. pushes back tax payment deadline

The U.S. will extend the deadline for eligible federal income tax payments until July 15, 2020

1000

Related content

​The U.S. Internal Revenue Service issued guidance on this deferral on March 18, 2020, in which it notes that the amount which may be deferred is limited to USD1 million for individuals and USD10 million for corporations. During the deferral period, no interest or penalty will accrue on the amount deferred. Despite this change, taxpayers that have income tax returns due with an original due date of April 15, 2020 are still required to file the returns or request for an extension to file by April 15, 2020.

Download this edition of the TaxNewsFlash to learn more.

© 2020 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal