The IRS today announced extended due dates and other tax relief measures for taxpayers affected by tornadoes and severe storms in parts of Tennessee.
According to the IRS release—IR-2020-51—individual and business taxpayers will have until July 15, 2020, to file certain tax returns and to make tax payments. The tax relief is available for taxpayers in any area designated by the Federal Emergency Management Agency as qualifying for individual assistance. Currently, this list includes Davidson, Putnam, and Wilson counties.
The tax relief postpones various tax filing and payment deadlines beginning March 3, 2020. This includes:
In addition, penalties on payroll and excise tax deposits due on or after March 3 and before March 18 will be abated as long as the deposits are made by March 18.
Read a related IRS release—TN-2020-01 (March 6, 2020)
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