Taxpayers who are facing difficulty filing by the new deadline still have the option to request an extension. Visit the IRS website for more details.
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The IRS said that the deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.
No. During this unprecedented delay, taxpayers will not be subject to interest or penalty payments, regardless of how much they owe.
Many things are taking place:
No school: Can you stop paying your property tax?
The property tax in Washington state is a key vehicle to fund government schools. The boss of government schools, and promoter of school curricula that treats kids as sexual beings from birth , Chris Reykdal, has suggested that districts dealing with coronoavirus not teach children, even online, because: "equity."
So, can you stop paying your property taxes since Reykdal has caused schools to stop teaching? Maybe Reykdal has a good reason for his official opinion.
Coronavirus Property Tax Relief: Flattening the Curve on Increases – Commercial Observer
The coronavirus is devastating New York City businesses and employment, and also property values. Stores are dark and retail tenants are asking landlords for rent concessions. Hotels have low occupancy. Garages are quiet. Residential tenants can't pay their rent. Nevertheless, the property tax bill is coming. Hopefully, taxpayers will finally see relief.
Since the last recession, the real estate market has rebounded. The property tax levy followed the same trend as rising property values and assessments. The city was able to raise additional revenue without increasing the tax rate by relying on property value increases. But when property values and assessments decrease due to the coronavirus, the city can decrease taxes and give owners relief, or increase the tax rate to make up for the shortfall.
Disagreements on need for change in tax incentive program
NEW ORLEANS (AP) — Louisiana’s Legislative Auditor’s Office is suggesting changes to a popular tax break aimed at encouraging businesses to locate or expand in the state. But the state’s economic development department disagrees with the findings.
The Advocate reports that the auditor’s office recommends caps on rebates of sales and use taxes and certain expenses under the Louisiana Quality Jobs incentive program.
Not to change the topic here:
Vt. businesses push for room and meals tax amnesty
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BARRE, Vt. (WCAX) Dozens of restaurants across our region have closed their doors and laid off employees. With a reduced cash flow, a new movement within the industry is looking to the state to hold off on collecting rooms and meals taxes.
You pay the nine percent tax every time you go out to eat. Restaurants then give that money to the state each month. They're set to pay the tax this week, but with many businesses shutting their doors or offering take out only, most are already low on funds.
California property tax still due April 10, but exceptions could apply - SFChronicle.com
California county tax collectors cannot extend the April 10 deadline for making the second half of 2019-20 property tax payments, but they can waive late-payment fees and interest under certain circumstances, according to a memo sent out by the California Association of County Treasurers and Tax Collectors.
After the Internal Revenue Service and California Franchise Tax Board extended their April 15 income tax deadlines until July 15, many readers have been asking whether the April 10 property tax would also be extended as a result of the coronavirus.
POILIEVRE: Want to stabilize the economy? Stop taxing it | Toronto Sun
Lamont pushes CT income tax filing deadline back to July 15
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Gov. Ned Lamont's administration announced late Friday it has pushed the deadline for filing state income tax returns back from April 15 to July 15.
The latest extension in Connecticut also applies to the estimated income tax payments due for the first and second quarters of 2020.
Happening on Twitter
Q&A: What does 90-day tax payment delay mean for filers? https://t.co/f1C7xjUGBk NewsHour (from Arlington, VA | New York, NY) Thu Mar 19 00:32:00 +0000 2020
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