Greensboro's African American Community Newspaper
Reach Us At: (336) 274-6210 or (336) 274-7829
Greensboro weather

Monday, February 26, 2024

IRS pushes 2020 tax deadline to July 15

Staff reports / March 21, 2020

Treasury Secretary Steven Mnuchin announced this week that the Internal Revenue Service will defer $300 billion in income tax filings by 3 months, to July 15, penalty-free.
The move comes a week after President Trump urged the agency to extend the filing season deadline. The IRS has already begun processing returns, but the move helps the agency spread processing procedures out over time and keeps employees from potentially infecting one another.

The American Institute of CPAs has applauded the move saying the relief will help accountants and their customers.
The National Association for the Self-Employed also praised the move adding the small business community has been greatly affected by the coronavirus.

“The COVID-19 pandemic is affecting every sector of our economy, especially those in our small business community,” said Keith Hall, NASE president and CEO said. “We applaud all continuing efforts in working on a host of financial support ideas for those impacted by the current situation.”

The coronavirus has upended the stock market, supermarkets, and sports in less than a month. To date, there are more than 18,000 cases and more than 200 deaths in the United States.


Latest Headlines


Since 1967, the Carolina Peacemaker has served as North Carolina’s leading news weekly with a national reputation. Founded by Dr. John Kilimanjaro, the newspaper is published by Carolina Newspaper, Inc.

Advertise With Us  |  Contact Us  |  Follow Us On Twitter