A bipartisan group of senators on Thursday introduced legislation to extend the deadline to file tax returns by three months in response to the coronavirus, after the Treasury Department and IRS extended the deadline to make tax payments.
The bill would move the filing deadline for 2019 tax returns from April 15 to July 15, lining up with the postponed deadline for making payments in guidance that Treasury and the IRS released on Wednesday.
Tax professionals have been arguing that the filing deadline needs to be extended in addition to the payment deadline because it may be challenging for people to meet with their tax preparers as a result of social-distancing efforts due to the coronavirus.
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The Long Fight Against Unjust Taxes - WSJ
With the world in the grip of a major health crisis, historical milestones are passing by with little notice. But the Boston Massacre, whose 250th anniversary was this month, deserves to be remembered as a cautionary tale.
Sanders Proposes A $23 Trillion Tax Increase, Mostly On High-Income Households And Businesses
Democratic presidential hopeful Senator Bernie Sanders in the presidential debate on March 15, 2020. ... [+] (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)
TPC divided its analysis into those tax increases earmarked for M4A and all other tax hikes. While it produced revenue estimates for both, it analyzed the distributional effects of his non-M4A tax increases only. In some cases, because the Sanders campaign would not specify exactly how he'd divide revenues between M4A and everything else from certain tax increases, TPC made its own assumptions.
Dauphin County extends grace period to property owners for 2019 back taxes due to the coronavirus
Dauphin County has extended an interest-free grace period to all property owners with 2019 delinquent property taxes until May 29, commissioners announced on Thursday.
Nearly 10,000 first-class letters explaining to property owners how much they individually owe were mailed in mid-February and that they now have until the end of May to pay their back taxes in full, according to the statement.
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Gov. Northam announces changes to taxes, inspections with 94 COVID-19 cases in Virginia
RICHMOND, Va. (WHSV) — Nearly 100 cases of the COVID-19 novel coronavirus were confirmed across Virginia as of Thursday afternoon.
The Virginia Department of Health said in a noon update on Thursday that 94 cases have tested positive or presumed positive across the commonwealth.
Virginia Governor Ralph Northam provided a daily briefing on the commonwealth's response to COVID-19 at 3 p.m., focusing on changes being made to childcare, Medicaid, and correctional facilities amid the coronavirus response.
Yolo County property taxes are still due despite the coronavirus – Daily Democrat
The Yolo County Tax Collector's Office reminds taxpayers who own property in the county that the second installment of 2019-20 Secured Property Tax, due Feb. 1, will be delinquent if not paid by 5 p.m., April 10.
Due to the evolving COVID-19 situation, tax officials “strongly encourage taxpayers to remit tax payments electronically via the web, by mail, or automated phone system.
The county’s Department of Financial Services will be closed through April 7, to comply with Public Health Officer guidance.
LWC announces 2020 first quarter unemployment tax payment deferral
BATON ROUGE, La. (LWC) - The Louisiana Workforce Commission (LWC) announced Thursday that Louisiana employers will get a temporary deferral from paying their first quarter 2020 unemployment taxes.
Employers will still be required to file their first-quarter 2020 wage and tax reports with the agency by April 30, 2020, but payment of the associated taxes will be deferred until June 30, 2020.
State tax deadlines delayed because of coronavirus
The state Department of Revenue gave Iowans extended tax filing and payment options Thursday, including for state income taxes, as they contend with the coronavirus pandemic.
The changes follow steps already taken by the U.S. Treasury to extend federal tax payment deadlines.
Under Gov. Kim Reynolds' emergency disaster proclamation, taxpayers required to file for income, franchise and moneys and credits taxes with a due date on or after March 19 and before July 31 can now wait until July 31 to file returns and associated payments, excluding estimated tax payments.
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